Potential trade restrictions on Chinese UCO face headwinds due to price premium
Three railcars of packer bleachable fancy tallow (BFT) were traded as high as 42.5 cents per lb Chicago basis...
Deficits in the Renewable Fuel Standard (RFS) program soared by 50% and Renewable Identification Number (RIN) prices climbed by 13% in the two trading days following the release of the Environmental Protection Agency (EPA)’s annual compliance data report on May 16.
The EPA implemented safeguards in 2023 to correct a growing discrepancy between projected and actual fuel consumption that caused deficits in the RFS program to grow. The EPA added a 3.5% buffer to accoun...