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Renewable fuel producers are gaining a feedstock advantage over refiners as used cooking oil supplies become tight. Refiners depend on more carbon-intense feedstocks such as soybean oil, which costs more.
Strong competition for soybean oil and animal tallow from renewable fuel producers keeps those feedstock prices firm. This supports soyoil values and could limit the supply available for other uses.
reuters.comStephanie KellyAug 17, 2021After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
