# The Big Gorilla Is Gone And The Consequences Are Here - AgWeb

> AgWeb columnist Jerry Gulke argues that government biofuel policies, including ethanol and biodiesel mandates, drove soybean oil demand expectations that have since collapsed. Soy oil has fallen from 91 cents per pound in 2022 to a four-year low near 39 cents. He also cites a larger Brazilian crop and a strong US growing season as bearish factors.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28405-the-big-gorilla-is-gone-and-the-consequences-are-here-agweb
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker soyoil prices reduce crush margins and the value of soybeans relative to meal, which pressures soybean complex prices and feeds lower soybean meal co-product economics for buyers.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/big-gorilla-gone-and-consequences-are-here

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.