In Illinois, soybean biodiesel futures have been sinking since Jan. 1 when the $1 a gallon biodiesel blending credit expired. Prices have fallen to $3.08 per gallon, the lowest since July 2010 when prices fell to $3.04 per gallon. The premium to heating oil has also crumbled since the tax credit expired but is currently holding steady at about 15 cents per gallon.
More background on the story from the Digest
Category: Producer News