Ten HOT Nuggets
10 | HOT off the Press
No Bull has once again partnered with Will Faulkner of Carbon Acumen to write the GO-TO report regarding the Renewable Diesel and Biodiesel landscape in North America.
This IMPROVED report dives deep into all sections of the supply chain in the growing North America Biomass Based Diesel Market from feedstocks and production to imports/exports and fuel consumption along with hitting on policies driving demand.
Click to access the full report:
9 | A new era
I want to pick up where we left off on Sunday with a reminder of soybean oil’s increased importance in the soybean market.
Soybean oil futures spent the first two decades of the 2000s averaging a tick above 30 cents per pound before nearly doubling in value during the renewable diesel boom of the past few years.
Today, nearby futures sit near 45 cents, 40% higher than their 2000-2020 average.
8 | Biofuel boost
That added 40% hasn’t gone without notice, providing a boost to the bean market:
7 | Driving the bus
For that reason, soybean oil is no longer firmly affixed in the backseat of the bean bus.
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