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US soybean oil prices remain in a bull market, according to analysis published October 19, 2023. NOPA reported record September crush and soyoil yield, while USDA charts show shifting US vegetable oil supply and demand driven by renewable diesel feedstock demand.
Record crush boosts soyoil output, but strong renewable diesel feedstock demand keeps domestic soyoil tight, which supports prices and pulls vegetable oil trade flows toward the US.
czapp.comWalter CroninOct 18, 2023Not 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.
