# Biodiesel Margins Suffer as Feedstock Prices Rise - The Jacobsen

> 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.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11934-biodiesel-margins-suffer-as-feedstock-prices-rise-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Biodiesel producers squeezed by feedstock costs may cut production, reducing soybean oil demand and easing some upward pressure on oil prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bearish ▼
- CORN: neutral

## Sources

- thejacobsen.com: https://thejacobsen.com/2023/07/25/biodiesel-margins-suffer-as-feedstock-prices-rise/

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