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Gro Intelligence reports U.S. renewable diesel capacity has doubled since early 2022 and passed 2 billion gallons a year, with a Valero and Diamond Green Diesel plant starting operations early. Some 46% of U.S. soybean oil is projected to go to biofuels in 2022/23, up from 42%.
Rapidly rising biofuel use of soy oil keeps crush margins at records and pushes soybean oil prices to historic highs, supporting soybeans, soy oil and crush-driven meal supply.
ukragroconsult.comNov 30, 2022After 842 past bullish policy events, SBO 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, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
