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Oil and agriculture companies are partnering to find additional feedstock sources for renewable diesel, including cover crops. S&P Global forecasts soybean oil demand to rise 25% by 2024, with demand flat into 2025 because crush capacity limits growth.
Growing renewable diesel investment supports soybean oil demand, but the forecast notes that crop supply and crush capacity constrain how far demand can rise.
agweb.comMar 24, 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.
