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Biomass-based diesel margins fell to levels not seen since 2021 as soybean oil rose about 16 percent month-on-month. Drought across much of the Midwest and softer energy prices add pressure on biodiesel profitability.
Biodiesel producers squeezed by feedstock costs may cut production, reducing soybean oil demand and easing some upward pressure on oil prices.
thejacobsen.comAlexandra WattsJul 25, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
