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An analysis by Scott Irwin finds US biodiesel producers averaged a profit of about $0.60 per gallon in 2022 and 2023 to date, the best period since 2007. Earlier estimates overstated losses because they relied on inaccurate AMS biodiesel price data.
Stronger biodiesel margins support continued soybean oil demand from the biofuel sector. Healthier plant profitability lowers the risk of capacity shutdowns that would reduce oil usage.
iasoybeans.comIowa Soybean AssociationNov 22, 2023After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% 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.
