
RIN prices fell sharply over the prior nine months, with D4 and D6 RINs closing near $0.56 and $0.555 in late March, down from above $1.50 a year earlier. The decline followed EPA's July 2023 RFS volume targets for 2023-2025.
The analysis attributes part of the fall to a lower soybean oil to heating oil (BOHO) spread and to excess RIN supply relative to mandates.
Lower RIN values reduce the extra income biofuel producers receive, cutting the economic incentive to run biodiesel and renewable diesel plants. That weakens demand for soybean oil and other fats used as feedstock.
Tras 351 eventos bajista de política pasados, Aceite de soja se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,8 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.