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Low Carbon Fuel Standards in California and Oregon, with other states considering similar rules, are pushing demand for renewable diesel made from fats and vegetable oils. Industry analysts say edible fat and oil supplies would need to roughly double over the next decade to meet projected feedstock needs.
A structural increase in demand for vegetable oils for fuel would tighten supplies for food and feed uses and support soybean oil prices. The impact on soybean meal would be a by-product effect as crush rises.
agweb.comNov 12, 2021After 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.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
