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Renewable diesel capacity in the US could reach 5.97 billion gallons by 2024, with proposed plants along the Southern coast and Pacific Northwest. Soybean oil is the main feedstock, and the article compares the growth to the early-2000s ethanol boom.
Large planned renewable diesel build-out implies substantial new soybean oil demand, which is bullish for soybean oil and soybean prices if the projects proceed.
feedandgrain.comJan 10, 2022Not enough comparable past events yet for a historical read.
Not 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.
