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ING reports that bioenergy is growing in the US, with strong potential in carbon capture, renewable diesel and renewable natural gas. The IEA projects bioenergy at 19% of global energy supply by 2050 and expects North American biofuel demand to grow faster than any other region through 2026.
Sustained growth in renewable diesel and biofuel demand supports demand for vegetable oil feedstocks over the long term, though the impact on near-term prices is modest.
think.ing.comCoco ZhangMay 19, 2022After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
