# Half-Off Sales Generate Bullish Possibilities in Soybean Oil, Diesel

> DTN analyst Todd Hultman notes that soybean oil and ULSD diesel futures, both about half off their 2022 highs in June 2023, have risen since then. He says diesel in particular may climb further as renewable diesel demand for soyoil continues.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10705-half-off-sales-generate-bullish-possibilities-in-soybean-oil-diesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher diesel prices strengthen the economics of renewable diesel, which supports soybean oil demand and can lift crush margins. That mechanism favors higher soyoil prices.

## Read by commodity

- SBO: bullish ▲
- DIESEL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/07/28/half-sales-generate-bullish-soybean

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.