A recap of the National Biodiesel Board’s virtual conference discusses petroleum companies opening renewable-diesel plants and converting facilities into biorefineries. Participants considered whether this expansion would increase competition, reduce demand for RIN credits, or create opportunities for partnerships; Boeing also announced a goal to transition its airplanes to 100% sustainable aviation fuel by 2030.
More renewable-fuel capacity could increase demand for feedstocks such as used cooking oil and vegetable oils, but the article describes industry discussion rather than a confirmed near-term change in feedstock use. The price implications are therefore uncertain.
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.