US biofuels markets calm after no RFS mandates storm

Dec 07 05:12 2017 Print This Article

Well, that was anticlimactic.

The US Environmental Protection Agency’s release of the 2018 biofuel blending mandates and 2019 biodiesel mandate came and went November 30 without much fanfare in the US biofuels markets.

Biodiesel premiums for prompt product didn’t change. The S&P Global Platts Chicago Argo physical benchmark dropped 35 points on November 30, but has since rebounded by more than a half-cent.

The biggest difference came in Renewable Identification Numbers prices. D6 ethanol RINs for 2017 compliance slipped 1.75 cents on the day of the announcement, while D4 biodiesel RINs gained by the same measure. Since the EPA mandates were released on November 30, D6 RINs have shed 5 cents and D4 RINs have lost 8 cents.

Compare that to last year, when D6 RINs for 2016 jumped 10 cents in the two trading sessions following the announcement. D4 biodiesel RINs for the same year jumped 9.5 cents in the same timeframe.

Read More

About Article Author

The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

Related Items

DAX Under Pressure, Investors Eye Fed Minutes

The DAX index has posted losses in the Wednesday session. Currently, the index is trading at 12,428.50 down 0.48% since the Tuesday close. On the release front, German and Eurozone Manufacturing PMIs slowed in January. The German PMI dipped to 60.3, shy of the estimate of 60.6 points. It was a si ...

USD/CAD – Canadian Dollar Subdued Ahead of Fed Minutes

The Canadian dollar has recorded slight losses in the Tuesday session. Currently, USD/CAD is trading at 1.2669, up 0.16% on the day. On the release front, there are no Canadian releases on the schedule. In the US, the key event is the Federal Reserve minutes from the January meeting. We’ll also ...

Eurekahedge: Greater China Mandates Pay Off for January

A new Index Flash Update from Eurekahedge says that hedge funds are off to a positive start to 2018. The industry globally gained 2.26% in January. Among developed world mandates, North American hedge funds were up 1.89%, followed by those of Japan and Europe, which gained 1.28% each. Higher numbers ...

Latam Currencies Lower on Tuesday

Latin American currencies weakened on Tuesday as the U.S. dollar strengthened worldwide after hitting a three-year low last week. Currencies from Brazil , Mexico and Colombia weakened between 0.3 percent and 0.9 percent. The Chilean peso was barely changed as profit-taking partially offset the globa ...

BoE Hearing and Fed Minutes in Focus

US Futures Continue to Pare Last Week’s Gains US equity markets are expected to open in the red again on Wednesday, tracking losses in Europe as stocks continue to pare last week’s strong rebound. It’s been a relatively quiet start to the morning and the week, with the bank holiday in the US a ...

Tech Talk for Wednesday February 21st 2018

  Observation Gasoline prices continue to move higher. ‘Tis the season for strength to the end of May!   StockTwits Released Yesterday @EquityClock Technical action by S&P 500 stocks to 10:00: Quiet. No intermediate breakouts. Breakdown: $WMT Editor’s Note: After 10:00 AM EST, breakouts in ...

Private Equity's Dark Cloud?

Jarrett Renshaw of Reuters reports, Refiner goes belly-up after big payouts to Carlyle Group:Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload.Although little oil flowed, plenty of money did.U ...

New TPP could hurt NAFTA talks because of impact on U.S.: auto sector

OTTAWA — American imports into Canada could fall by $3.3 billion under the recently rebooted Trans-Pacific Partnership, the federal government has concluded, sparking fears the new pact could hurt the ongoing NAFTA renegotiation. The text of the 11-country Pacific Rim trade deal — a pact Presi ...

Wyoming Now Third State to Propose ALEC Bill Cracking Down on Pipeline Protests

On the heels of Iowa and Ohio, Wyoming has become the third state to introduce a bill criminalizing the type of activities undertaken by past oil and gas pipeline protesters.  One of the Wyoming bill's co-sponsors even says it was inspired by the protests led by the Standing Rock Sioux Tribe ...

Palo Alto Networks Closes On A New High

Palo Alto Networks (PANW) has been climbing nicely off a huge gap down on earnings in late February 2017. Unfortunately for the investor it has been a round trip back to the beginning. On Tuesday's weak overall tape where the Dow was down 250, PANW pushed up to close at a new high. That's bullish. ...