RIN prices recovered off the lowest levels in over four and a half years as the BOHO spread rose more than 75% month-over-month to $1.00/gallon.
The March 21 release of February 2024 RIN generation showed 2.02 billion credits, up 7% from the January total, and 4% off the record 2.17 billion credits from December 2023.
D4 strength supported renewable diesel margins between 6-18%, except for soybean oil returns which retreated 8% to near breakeven territory.