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Valero says used cooking oil, a renewable fuels feedstock, is nearly tapped out in the U.S. Valero's joint venture with Diamond Green Diesel in Louisiana is expected to add 400 million gallons per year of renewable diesel by Q4 2021.
Tight used cooking oil supply shifts renewable diesel makers toward soybean and canola oil, supporting vegetable oil demand and prices.
reuters.comLaura SanicolaApr 22, 2021After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% over 20.
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.
