02.24.2025
CVR Energy postpones SAF, additional RD capacity plans
CVR Energy is running its one RD plant at 5,000 barrels per day, or 76 million gallons per year, for now, until the company sees final rules on the...
Vegetable Oil Prices Mixed as Crude Oil Resumes Rally
World vegetable oil prices were mixed on Friday, while a volatile session in crude oil ultimately left prices higher. Crude oil traded lower in the overnight session, but rallied steadily in the U.S. session and was up more than $1 per gallon when soybean oil trading ended for the week.
Soybean oil futures traded on both sides of unchanged before settling marginally lower. However, buying at the 5-day exponential and 10-day moving averages helped to limit the decline. Soybean oil futures have consolidated the gains from the first two days of trading in the holiday-shortened week, but remain in the recent trading range. If crude oil remains supported, The Jacobsen would expect soybean oil…