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ASA economist Scott Gerlt argues that rising imports of competing feedstocks since early 2023 push soybeans out of biofuel use at the margin. He notes more than 20 crush plants have been announced to supply soybean oil to the renewable diesel sector.
He also explains how EPA sets RFS blending levels through 2025.
Growing imports of competing biofuel feedstocks cap soybean oil's share of biofuel use, which limits the upside for soybean crush demand and prices.
soygrowers.comAug 15, 2024Not 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.
