RINs and Biodiesel Prices Head Lower Mid-Week

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RINs and Biodiesel Prices Head Lower Mid-Week

Alexandra Watts | 01.24.2024

Stronger than expected December domestic renewable diesel (RD) production may be having an impact on several areas within the biofuel sector. Recently released EPA EMTS blending data for December, showed domestic RD blending increased to 459 million gallons, 33 percent above November, and 81 percent higher than in December 2022.

December domestic RD production was at an all-time high and will likely climb higher as the Rodeo Renewed refinery moves to become fully operational during the second quarter and there are reports that plants that...

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Lack of Nearby Demand Keeps a Lid on Market

Lack of Nearby Demand Keeps a Lid on Market

Packer bleachable fancy tallow (BFT) traded steady today at 41 cts/lb Chicago for three cars. Three cars of choice...

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Ethanol Production Near 3-Year Lows, Stocks Rise

Ethanol Production Near 3-Year Lows, Stocks Rise

Price ranges for wheat midds showed a decrease in the Kansas City, Minneapolis, and Buffalo markets. Market...

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Packer Hide Demand Remains Slow

Packer Hide Demand Remains Slow

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SBO Crude-Degummed Cash Basis Continues to Sink

SBO Crude-Degummed Cash Basis Continues to Sink

Basis on crude degummed (CD) soybean oil in central Illinois and the Gulf shifted lower yet again this week....

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Near-term Impacts of SOE Not Yet Clear

Near-term Impacts of SOE Not Yet Clear

We continue to hear conversations about the Strengthening Organic Enforcement Act (SOE)...

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Hempseed Meal Approved for Inclusion in Laying Hen Diets

Hempseed Meal Approved for Inclusion in Laying Hen Diets

The Hemp Feeds Coalition announces major progress in the effort to gain...

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Senators Introduce Bill Looking to Drive SAF Production, Development

Senators Introduce Bill Looking to Drive SAF Production, Development

*Please Note – Bob Lane was out of the office today but will return on Wednesday, January 24, 2024.

U.S....

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Distiller’s Corn Oil Prices at Multi-Month Low vs SBO

Distiller’s Corn Oil Prices at Multi-Month Low vs SBO

The animal fats market was mostly flat today with not much action reported, and the trading that did come...

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05.17.2024

Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts

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The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...

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05.17.2024

Animal fat average prices rise week on week

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Only light trade was reported for most of the week, with several market participants attending the Fastmarkets Biofuels & Feedstocks event in Chicago on May 13-15.

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05.17.2024

Animal protein prices steady to lower week on week

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US animal protein prices were steady to lower week on week on Friday May 17. Only light trade was reported for most of the week with several market participants...

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