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Soybean oil demand is expected to expand as renewable diesel emerges as a preferred biofuel. Industry leaders cite sustainability commitments and new partnerships between oil companies and agribusiness.
Renewable diesel and biodiesel draw on the same feedstocks.
Growing biofuel demand pulls soybean oil away from food and feed uses, supporting oil prices and tightening the supply available for meal crush economics.
incornandsoy.orgMar 25, 2022After 841 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.
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.
