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US renewable diesel output rebounded in April 2024 to a new all-time high after Phillips 66's Rodeo conversion began producing. Market sources expect output to keep rising in the second half of the year.
Domestic renewable diesel demand for soybean oil could climb toward 555 million pounds per month from 367 million in February.
Projected growth in renewable diesel demand for soybean oil points to tighter supplies and firmer prices in the second half of the year.
thejacobsen.comAlexandra WattsMay 21, 2024Not enough comparable past events yet for a historical read.
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.
