# D4 RINs collapse in 2023, driving down prices in entire RINs complex

> D4 biomass-based diesel RINs fell 44.5% in 2023 as renewable diesel output expanded and the BO-HO spread narrowed. D6 and D4 RINs were both assessed at $1.01 per RIN on September 27, near their lowest since early 2022.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/15277-d4-rins-collapse-in-2023-driving-down-prices-in-entire-rins-complex
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower RIN values weaken the economics of biofuel production, which can reduce feedstock demand for soybean oil over time, though strong renewable diesel output still supports near-term crush demand.

## Read by commodity

- SBO: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/092823-d4-rins-collapse-in-2023-driving-down-prices-in-entire-rins-complex

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.