CWG prices dip slightly; DCO, ethanol production down on week
The US animal fats and oils markets continued to show regional variations on Wednesday...
“This will not be a typical December in the US biodiesel market” one fuel trader said.
Historically, production is strong in December, with producers working to capitalize on the Blenders Tax Credit (BTC) carryover into the next year. This year, production is slowing and first quarter feedstock purchases are being delayed, Fastmarkets has heard.
Most traders replying to Fastmarkets' B100 market price survey had the same response: “Nothing trading here, it’s a crazy market.”
With the BTC expiring...