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The United Soybean Board and Clean Fuels Alliance America describe soybean oil as the main biodiesel feedstock, supplying 57% of it in 2021. They are promoting expansion of biofuels into aviation, marine and rail markets through soy checkoff investment.
Continued promotion of biodiesel and sustainable aviation fuel supports long-term soybean oil demand, but the piece reports no new price-moving event.
unitedsoybean.orgSoy CheckoffOct 25, 2022Not 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.
