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An analyst told Brownfield that growth in renewable diesel will add demand for US soybeans and vegetable oils. He projected 400 to 450 million bushels of new soybean crush capacity in the US over the next four years, and said renewable diesel is already supporting prices for vegetable oils, greases and tallow.
Expanding crush capacity and renewable diesel feedstock demand should increase soybean crush and support soybean and soybean oil prices over the coming years.
brownfieldagnews.comadminFeb 15, 2022Not 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.
