# Biodiesel margins improve while feedstock prices remain under pressure - Fastmarkets

> The average upper Midwest biodiesel price in early March 2023 was $5.848 per gallon, 0.5% below the prior week. Soybean oil fell more than 2% during the week, and feedstock costs dropped faster than biodiesel prices, improving production margins. Demand from the renewable diesel sector was softer than expected.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36954-biodiesel-margins-improve-while-feedstock-prices-remain-under-pressure
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improving biodiesel margins can support soybean oil demand over time, but softer renewable diesel demand keeps feedstock prices under pressure. The net effect is mildly bearish for soyoil with limited shift in meal.

## Read by commodity

- SBO: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/biodiesel-margins-improve-feedstock-prices-down/

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