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Midwest soybean oil prices fell for the first time in four weeks, and biodiesel prices dipped less, widening producer margins. NOPA reported soybean oil stocks rose 9% from their low but remain 17% below a year earlier.
EPA data showed lower biodiesel and renewable diesel blending in October.
Softer soy oil prices and lower October blending point to weaker near-term biofuel demand for soy oil, though tight stocks still limit downside.
fastmarkets.comRobert LaneNov 24, 2022Not enough comparable past events yet for a historical read.
Not 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.
