Soybean oil, canola oil, and corn oil cash market indications were largely unchanged on Tuesday from the prior trading day. Prices remain at multi-year lows, although sources expect values may have reached a bottom. U.S. feedstock demand continues to grow but at a much slower pace than the market had originally expected.

Vegetable oil prices have been struggling to compete against cheaper-priced animal fats and low carbon intensity oils. This has resulted in the slow movement of soybean oil into the renewable diesel sector, which has forced producers to slash basis levels. Several new renewable diesel production plants are slated to come online in the coming months that are expected to re-invigorate feedstock consumption from that sector. 

Palm oil physical prices continued to move higher on Tuesday, tracking early session strength in palm oil futures. On the Bursa Malaysia, the most actively traded futures contract…