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StoneX's fats, oils and greases lead says most biodiesel clients have shut down after December 31 when the blenders tax credit lapsed, as margins turned negative by up to 70 cents per gallon. Renewable diesel producers have cut run rates to around 60%, and some soybean crushers are scaling back.
Idled biodiesel plants and reduced crush cut soybean oil demand and lift oil stocks, bearish for soybean oil and for meal output from crushing.
brownfieldagnews.comJared WhiteJan 23, 2025Not 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.
