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Vegetable oil markets rebounded after the sell-off triggered by the EPA biofuel mandate announcement, led by soybean oil. Advanced biodiesel mandates were 5.94 billion gallons for 2023, with 6.54 billion for 2024 and 7.33 billion for 2025, and Brent crude fell near 18-month lows.
Soyoil recovery supports other vegetable oil prices, while weaker crude oil pressures the biofuel economics that underpin demand.
agtechnavigator.comJun 29, 2023Not 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.
