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An NDSU extension economist says state clean fuel policies in California, Washington and Oregon are driving renewable diesel demand. He says agriculture will struggle to supply feedstock for California alone.
Engines and pipelines need no changes to use renewable diesel.
State low-carbon fuel mandates pull strongly on vegetable oil and fat feedstocks, which supports soybean oil prices. Limited domestic feedstock supply could tighten oil supplies and raise prices.
rrfn.comDon WickDec 18, 2023After 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.
