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Delta Air Lines is readying its Monroe Energy refinery to process biofuels and expects to import agricultural products such as soybean oil. The refinery has a large RIN credit shortfall and must buy credits to meet federal blending obligations by next year.
A new refinery importing soybean oil for biomass-based diesel adds to feedstock demand and supports vegetable oil prices, while RIN compliance pressure adds to biofuel economics.
reuters.comLaura SanicolaSep 16, 2022After 842 past bullish policy events, Soybean Oil 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.
