DCO tracks soybean oil prices higher; fats markets unchanged
Market activity for US animal fats and oils was relatively subdued on Tuesday January 14, though sources noted a...
The US Energy Information Administration (EIA) raised its 2024 forecast for the production of renewable diesel (RD) in the US while maintaining its 2024 biodiesel output estimate in its latest Short-Term Energy Outlook (STEO) released on Tuesday January 14. The 2025 forecasts showed diverging production, with RD volumes expanding and biodiesel volumes falling.
The EIA currently expects US RD production to have averaged 209,000 barrels per day (bpd) in 2024 and to average 234,000 bpd in 2025. The 2024 production estimate is 2,...