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Industry leaders at the Clean Fuels Alliance America conference in San Diego cited downward pressure on soybean prices from rising global supply of competing biofuel feedstocks such as used cooking oil, distillers corn oil and animal fats. They also pointed to the lack of volume obligations and tax guidance as burdens.
The Iowa Soybean Association called for policy fixes.
Cheap competing feedstocks and missing policy support reduce biofuel margins and demand for soybean oil, keeping soybean prices under pressure.
iasoybeans.comIowa Soybean AssociationJan 23, 2025After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
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.
