Jan WASDE Just Hit the Press. USDA Reduced this Number from 15.5 to 14.8. 

Oct bean oil biofuel demand – 1.006 bil lbs.
Nov RIN generations down m-o-m, suggesting a reduction from Oct.
Dec, no reason to see a meaningful change.

Leaving Nov-Dec usage unchanged vs Oct, that leaves Jan-Sep to pick up the slack to hit the USDA estimate of 15.5 bil lbs for the year.

Here’s what that looks like compared to historical data.

That’s a tough row to hoe.


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