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Biofuels mergers and acquisitions doubled in 2021 over 2020, including POET's acquisition of Flint Hills' ethanol business adding 800 million gallons per year of capacity. Renewable diesel construction expanded, with 12 plants accounting for 3.9 billion gallons of capacity through 2024, intensifying competition for vegetable oil and lipid feedstocks.
Rapid renewable diesel capacity growth increases demand for vegetable oils, corn oil and other lipids, tightening feedstock supplies and supporting vegoil and feed fat prices.
biofuelsdigest.comJim LaneFeb 9, 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.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
