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An article from iasoybeans.com describes how rising soybean crush capacity for biofuel-driven oil demand is increasing expected soybean meal output. It notes poultry takes nearly half of US soybean meal and that meal consumption by animal agriculture rose about 10% over five years.
Growing crush for renewable diesel adds meal supply, which can pressure meal prices, while steady poultry demand supports domestic use.
iasoybeans.comIowa Soybean AssociationMar 30, 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.
