Loading…
Renewable diesel margins rose for a third straight week to their highest in over five months, driven by strong diesel prices and firm RIN values. Soybean oil climbed 4.4% on the week, up 11% from its September 16 low, while uncertainty over the 45Z credit weighs on early 2025 trade.
ADM also idled its Des Moines soybean crush plant for maintenance in October and November.
Strong renewable diesel margins support soyoil demand, while the ADM crush outage cuts soybean crush and boosts meal and oil relative to beans.
aegis-hedging.comOct 7, 2024Not 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.
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.
