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Analysts compare the growth of U.S. renewable diesel and sustainable aviation fuel to the ethanol expansion that reshaped corn demand from 2007 to 2010. They project edible fats and oils supplies would need to roughly double over the next decade to meet feedstock needs.
Rapid growth in renewable diesel and SAF feedstock demand could tighten vegetable oil and fat supplies and support soybean oil prices over the long term.
agweb.comJul 25, 2023After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
