US biofuel margins improve as production uncertainty climbs

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US biofuel margins improve as production uncertainty climbs

Alexandra Watts | 10.16.2024

Biofuel margins have shown a significant increase over the past couple of weeks, with feedstock prices moving lower while renewable identification number (RIN) values have climbed, Fastmarkets heard on Wednesday October 16.

The soybean oil/heating oil spread (BOHO) has fallen by 23% since September 24. A falling BOHO spread signals a less challenging economic environment for biodiesel and renewable diesel (RD) production. When the BOHO spread moves lower, RIN prices tend to decline because profitability is improving.

The BO...

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Technical tallow trades higher on otherwise quiet day in US fats and oils market

Technical tallow trades higher on otherwise quiet day in US fats and oils market

The US market for animal fats and oils was quiet on Wednesday October 16, with many industry participants in...

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Light trade volume leaves most animal protein products prices flat

Light trade volume leaves most animal protein products prices flat

US animal proteins were steady to lower on Wednesday October 16, with the only price change on porcine bloodmeal,...

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US weekly soybean conditions decline; harvest progress reaches 67%

US weekly soybean conditions decline; harvest progress reaches 67%

US crop conditions for soybeans declined in the week to Sunday October 13, while corn conditions were unchanged, according...

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Strong EV sales add risk to hide demand

Strong EV sales add risk to hide demand

Recent strong electric vehicle (EV) sales added further risk of reduced automotive hide demand due to the growing market...

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US soybean oil futures end midweek session down, under pressure after NOPA data release

US soybean oil futures end midweek session down, under pressure after NOPA data release

The US cash vegetable oil market was dull again on Wednesday October 16, with many trade participants out of...

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Tidewater opens expanded full-service biofuel, renewable diesel distribution facility

Tidewater opens expanded full-service biofuel, renewable diesel distribution facility

The USDA awarded Tidewater Terminal Company $3.1million from the its Higher Blends Infrastructure Incentive Program (HBIIP) to expand the...

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Lack of guidance on 45Z tax credit sours market sentiment for US animal fats and oils

Lack of guidance on 45Z tax credit sours market sentiment for US animal fats and oils

Two cars of choice white grease (CWG) traded down to 42.5 cents per lb Chicago on Tuesday October 15,...

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YTD porcine, ruminant meat and bonemeal prices widen relative to soybean meal futures

YTD porcine, ruminant meat and bonemeal prices widen relative to soybean meal futures

US animal protein prices were steady to slightly higher on Tuesday October 15, although limited price adjustments were indicated....

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11.22.2024

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins rise, but window of opportunity limited

Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.

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11.22.2024

Gulf prices average higher despite weeklong declines in SBO

Gulf prices average higher despite weeklong declines in SBO

For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...

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11.22.2024

Bloodmeal largest price mover week on week; November cattle on feed higher

Bloodmeal largest price mover week on week; November cattle on feed higher

US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...

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