# CVR Energy takes wait-and-see approach on feedstock prices for renewable diesel conversions

> Biobased Diesel reports that CVR Energy is waiting to complete its Wynnewood renewable diesel hydrocracker conversion, which was planned for 100 million gallons a year from soybean oil. CEO David Lamp cited high RBD soybean oil feedstock prices, which had peaked near 69 cents a pound in May.

- Date: 2021-08-05 · published 2021-08-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45447-cvr-energy-takes-wait-and-see-approach-on-feedstock-prices-for-renewable-diesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The delay reduces expected future demand for soybean oil from renewable diesel, which is mildly bearish for soybean oil. Lamp expects feedstock demand to grow as more plants are built, which keeps the longer-term outlook supportive.

## Read by commodity

- SBO: bearish ▼

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/cvr-energy-takes-wait-and-see-approach-on-feedstock-prices-for-renewable-diesel-conversions

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.