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Soybeans traded mostly higher on August 14 with soymeal up $3.20 per ton, while soybean oil fell 23 points. Bean oil weakened after California's proposal to limit soybean and canola oil to a 20% inclusion rate in biodiesel for LCFS credits.
Pressure on soybean oil from the California proposal weakens crush economics and can cut soybean values, though soymeal stayed firm on the day.
ibestmedia.comAug 14, 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.
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.
