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Biofuel leaders at CERAWEEK discussed California's Low Carbon Fuel Standard and the search for new feedstocks to lower fuel carbon intensity. They said growing renewable diesel demand will drive new feedstock needs.
Renewable diesel can be made from used cooking oil, animal fats and plant oils.
Rising renewable diesel demand pulls on fats and oils feedstocks, which supports vegetable oil and animal fat prices. The effect on feed-grade fats and meals is indirect but notable.
reuters.comStephanie KellyMar 1, 2021After 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.
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.
