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Fastmarkets reports that a soybean oil price rally from June to late July pushed US biodiesel and renewable diesel margins negative. Feedstock costs exceed 85% of biodiesel operating costs, and crop failure in Argentina and reduced US acreage added to volatility.
Feedstock cost swings compress biofuel processor margins, which can slow soybean oil demand from the biofuel sector when prices spike.
fastmarkets.comJoao MorcianiOct 4, 2023Not 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.
