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US trend reduction in Soyoil use for Renewable Diesel continues

EIA released Feb24 data yesterday May 1 and shows continued trend of reduced use of Soyoil (now 31%) with notably Tallow usage increasing dramatically from 10% to 25% vs prior month. This is in comparison to last year same month. We can also note from the data a reduction of US conventional Biodiesel production of another 89 Mil Gal vs previous month. RINs D4 struggling at 44 c/gal as BOHO and BOGO continues to be under pressure.

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