RIN prices tumbled to the lowest levels in nearly four years as stronger producer margins and a mounting oversupply of available D4 RINs spurred heavy selling.
The January 18 release of December RIN generation showed a record 2.17 billion credits generated, up 9% from the previous month.
Diesel strength coupled with losses in soybean oil saw the soybean oil-heating oil (BOHO) spread narrow to $0.58/gallon in late January, a level not seen since March 2020.