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DTN reports that renewable diesel production has boomed and is driving soybean oil demand, with a series examining the expansion of soybean crush. DTN analyst Todd Hultman estimates the rise could lift the price floor for soybeans and corn by at least $2 per bushel.
Renewable diesel demand for soybean oil creates a new demand base that could lift soybean and corn price floors, shaping farm revenue expectations.
dtnpf.comMatthew WildeMay 10, 2022Not enough comparable past events yet for a historical read.
Not 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.
