Negative Fundamental Pressure Stacking up in Animal Fat Market
September soybean oil prices closed the day down 1.15 cts/lb to 65.82 and December futures...
Valero Earnings Beat Wall Street, Impressive Quarter for DGD
Valero Energy earnings beat Wall Street analyst estimates for the Q2 2023 by posting a $5.40 per share profit, beating the average analysts’ estimate of $5.08. Revenue plummeted to $34.5 billion, falling below analysts’ expectations of $34.82 billion. Revenue was well below the $51.6 billion posted for Q2 2022.
One of the larger surprises to come from the Q2 report was how well the renewable diesel segment performed. Valero’s...