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Fastmarkets analysis describes a shift in soybean crush trading from meal to oil focus, with soy oil prices weakened late 2022 by reduced biofuel demand from refinery closures. The piece argues refinery disruptions are temporary and new biodiesel capacity is expanding.
Soy oil weakness has lifted meal's share of crush value, so meal prices and feed costs are supported; expected oil demand recovery from new biodiesel plants could shift crush economics and meal supply.
fastmarkets.comJenny MaMar 13, 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.
