D4 RINs rally to three-year high on back of stronger CBOT soybean oil futures

In New York state, Platts reports D4 RINs rallied to a three-year high late last week to just over $1 each on the back of stronger CBOT soybean oil futures. Without the Environmental Protection Agency announcing what the blending mandate will be for 2021, the industry as well as obligated parties have been left in limbo with no idea as to which way the market could go. With soybean oil used as key feedstocks for both biodiesel and renewable diesel, demand for the fuel will have an impact on 2021 prices which in turn could then support or pressure D4 prices for the year.