Growth in renewable diesel production:  The impact on vegetable oil refining

Our latest vegetable oil refining report examines how growth in renewable diesel production is reshaping refinery production and capacity in the US

What’s inside the full report?

  • Explore the dynamics driving the spread between refined (RBD) and crude degummed soybean oil, and take a look at the data on both
  • Understand how and when that spread might start to return to normal levels
  • Find out about the key forces behind the expansions in the US crushing and refining capacities
  • Get a full list of where these expansions are set to happen 
  • And many more vegetable oils insights from Fastmarkets principal analyst Tore Alden

Download the full report here

What to read next
US wheat futures and Euronext contracts were mixed on Tuesday June 16, with most US contracts moving lower, while Chicago soft red winter wheat futures posted gains. Euronext contracts also moved higher during the session. Global cash markets remained subdued, with limited activity as buyers largely stayed on the sidelines. Black Sea wheat prices are starting to trend lower under seasonal harvest pressure, while Australia, Europe and Argentina were broadly steady.
Soybean and soybean meal futures continued to ride on the coattails of the bullish National Oilseed Processors Association (NOPA) crush report on Tuesday June 16, with market chatter that China is bidding on — or indeed may have already bought — US beans for February, giving much-lauded impetus to further increases in futures markets over the period.
Soybean oil bases in Argentina and Brazil hit a record spread to their counterpart in the US Gulf on June 1, with a mix of biofuel policies, harvest pressures and export competition against rival oils creating massive regional divergences, although the spread decreased by the end of last week amid a CME soyoil futures sell-off.
EU wheat exports reached 19.23 million tonnes as of May 31, according to European Commission data, yet weekly flow data from Rouen port collapsed 66.6% to 72,923 tonnes in the week to June 3, pointing to a sharp deceleration in physical trade.
Fastmarkets’ weekly recap of the main movements in global cash markets.
Price spreads across European biofuel feedstocks and biodiesel markets widened sharply during the week to Thursday May 28, driven primarily by a steep decline in gasoil values and higher vegetable oil prices.