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CHS Vice President of Refined Fuels Jason Schwantz says growing interest in renewable diesel is pushing up prices. He attributes part of the rally to large volumes of soybean oil moving into renewable diesel.
He adds that more renewable diesel projects are planned but their financial viability is still uncertain.
Soybean oil diverted into renewable diesel tightens edible oil supply and supports soyoil prices. Uncertain project economics limit how much additional demand is likely to materialize.
rrfn.comCarah HartJun 27, 2022Not 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.
