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CoBank analysis examines how imports of biobased diesel feedstocks are affecting domestic soybean oil demand. Imported feedstocks compete with domestically produced soybean oil in renewable fuel production.
The report is published by Biodiesel Magazine.
If imported feedstocks displace soybean oil in US renewable diesel, domestic soyoil demand weakens, which is bearish for soyoil prices and soybean crush margins.
biodieselmagazine.comOct 14, 2024After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
