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Terrain analysis argues soybean oil is gaining importance in demand, with renewable diesel expected to drive the soybean complex over the long term. It forecasts a record South American crop in 2023 and below-average soybean profitability for the year.
New crushing capacity should lift domestic oil demand by late 2023.
Expanding crush capacity and renewable diesel demand support soybean oil and meal values over time. A record South American crop would cap bean prices in the near term.
terrainag.comMatt RobertsFeb 2, 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.
