Lower soyoil and soybean imports by China continue to drag the complex lower yet we are still at 36% oilshare. The only bright spot for the complex remains US Renewable diesel demand. In NWE Soft oils also dumped with Rapeseed oil down 42euro/mt to 923euro/mt keeping its lead as cheapest soft oil in Northwest Europe. Nothing alarming on the US crop at this point except with some heat stress for 15-20% of the crop. Imports into US and especially from Singapore reflecting how US remains best market for HVO and wouldn't be surprised to see soon the unsold the 200Kt SAF produced by NESTE showing up in Houston for resale into the Illinois market to take advantage of additional tax credit there.
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