Ethanol Blog
Myke Feinman Refine Fuels Reporter
Fri Nov 8, 2013 11:19 AM CST

Soy methyl ester biodiesel spot prices are under pressure in what is described as a market saturated with supply, with production seen satisfying this year's volume mandate under the Renewable Fuel Standard that has also weakened the value of biomass-based diesel D4 Renewable Identification Numbers.

The weaker RIN value, trading 37.5 cents today compared with a $1.46 high for the year reached July 17, also adds to the decline in spot biodiesel prices.

"RINs are low, so that equals a low basis," commented a broker this morning. "RINs are weak, pulling down physical," a trader agreed. "It does this every ...

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