Corn oil, coconut oil, and cottonseed oil price indications were mostly unchanged to slightly lower, holding within previously set ranges. Crude corn oil prices shot higher in the Midwest the week prior due to increased buying interest. Still, overall demand in the U.S. interior from the renewable sector for edible oils, including soybean oil, remains lackluster, and this has been helping to keep a lid on values, which are down substantially from this time in 2022.

In addition, prices for renewable identification numbers (RINs) have been holding below $1.00/per gallon, and this continues to compress margins for renewable diesel (RD) producers. Several new RD plants are expected to start-up in the coming weeks in the U.S., but worries over demand are expected to linger. 

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