Themes / Group
Building · newly observed relationshipLatest completed snapshot · Aug 24 · 16:55 ET

MARKET-DISCOVERED GROUP

Renewable Fuels

THE TRADER READShared activity without a clean directional read

Price direction is split across 13 measured members. Capital-flow confirmation is unavailable.

Price breadth4 up · 9 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowLow_pressureActivity score 23/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

THU, MAY 7DAR filing documented shared operating contextcredit / rates affecting interest expense · date precision only

MON, AUG 3ADM filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

13/13 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ADM, BG, CLMT, CVI, DAR, DINO, MPC, PSX, VLO.

credit / rates affecting interest expense

“The decrease in interest expense was primarily due to lower term loan debt outstanding in the first quarter of 2026 and overall lower interest rates that more than offset the additional senior note interest associated with the 4.5% notes as well as the increase in revolver interest due to larger balances outstanding as compared to the same period in fiscal 2025.”

DAR 10-Q · 2026-05-08
demand / volume

“However, as leather demand has decreased due to alternatives, supply from tanneries is decreasing and we are sourcing more directly from slaughtering operations than before.”

DAR 10-K · 2026-03-03
restructuring

“Furthermore, the loss of or failure to obtain necessary federal, state, provincial or local permits and registrations at one or more of our facilities could halt or curtail operations at impacted facilities, which could result in impairment charges related to the affected facility and otherwise adversely affect our operating results.”

DAR 10-K · 2026-03-03
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
PSX → HYGPositive historical lead/lag · strength 0.22
PSX → SLVPositive historical lead/lag · strength 0.20

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
CLMTDARBGCVIVLOANDEADMMPCPARRDINOPBFDKPSX

4/13 active4 rising · 9 falling

MemberUnusual activityToday's moveRead now
CLMTCalumet, Inc.
Elevated · 100/100
-0.5%
Active; unclassifiedHistorical role unavailable
DARDarling Ingredients Inc.
Most unusual · 72/100
+0.4%
Active; unclassifiedHistorical role unavailable
BGBunge Limited
Elevated · 63/100
+1.3%
Active; unclassifiedHistorical role unavailable
CVICVR Energy, Inc.
Elevated · 59/100
-0.1%
Active; unclassifiedHistorical role unavailable
VLOValero Energy Corporation
Elevated · 53/100
-1.6%
Active; unclassifiedHistorical role unavailable
ANDEThe Andersons, Inc.
Elevated · 49/100
+0.5%
Active; unclassifiedHistorical role unavailable
ADMArcher-Daniels-Midland Company
Elevated · 48/100
+1.2%
Active; unclassifiedHistorical role unavailable
MPCMarathon Petroleum Corporation
Elevated · 46/100
-2.1%
Active; unclassifiedHistorical role unavailable
PARRPar Pacific Holdings, Inc.
Quiet · 42/100
-0.6%
Watch / laggardHistorical role unavailable
DINOHF Sinclair Corporation
Quiet · 39/100
-2.0%
Watch / laggardHistorical role unavailable
PBFPBF Energy Inc.
Quiet · 35/100
-4.4%
Watch / laggardHistorical role unavailable
DKDelek US Holdings, Inc.
Quiet · 33/100
-0.8%
Watch / laggardHistorical role unavailable
PSXPhillips 66
Elevated · 31/100
-2.2%
Active; unclassifiedHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
CLMTCalumet, Inc.Participating-0.5%—Price participation is not yet confirmed by per-name flow.
DARDarling Ingredients Inc.Most unusual+0.4%—Most unusual activity in this snapshot; performance direction may differ.
BGBunge LimitedParticipating+1.3%—Price participation is not yet confirmed by per-name flow.
CVICVR Energy, Inc.Participating-0.1%—Price participation is not yet confirmed by per-name flow.
VLOValero Energy CorporationParticipating-1.6%—Price participation is not yet confirmed by per-name flow.
ANDEThe Andersons, Inc.Participating+0.5%—Price participation is not yet confirmed by per-name flow.
ADMArcher-Daniels-Midland CompanyParticipating+1.2%—Price participation is not yet confirmed by per-name flow.
MPCMarathon Petroleum CorporationParticipating-2.1%—Price participation is not yet confirmed by per-name flow.
PARRPar Pacific Holdings, Inc.Quiet / lagging-0.6%—Not participating yet; a breadth test or a genuine divergence.
DINOHF Sinclair CorporationQuiet / lagging-2.0%—Not participating yet; a breadth test or a genuine divergence.
PBFPBF Energy Inc.Quiet / lagging-4.4%—Not participating yet; a breadth test or a genuine divergence.
DKDelek US Holdings, Inc.Quiet / lagging-0.8%—Not participating yet; a breadth test or a genuine divergence.
PSXPhillips 66Participating-2.2%—Price participation is not yet confirmed by per-name flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.