Loading…
The biofuel industry is pursuing new demand from Class I railroads, airlines and ocean shipping, with railroads consuming about 3 billion gallons of diesel per year. Railroads are testing renewable diesel and biodiesel blends, but fuel volume, price and locomotive testing remain barriers.
Potential rail and aviation demand could eventually add to biofuel feedstock use, but the near-term effect on soybean oil prices is limited by supply and testing constraints.
agri-pulse.comPhilip BrasherFeb 14, 2024After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
