05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Physical vegetable oil markets closed out the week with a whimper again. Participants said the markets have been sloppy since feedstock demand from the renewable diesel sector remains dismal.
“I don’t think there is a producer running well, or not getting ready for a turnaround,” one market source said. Several large renewable diesel plants are expected to begin planned turnarounds in April.
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