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An interview with United Soybean Board's Mac Marshall says US crushers are shifting from crushing for meal toward crushing for oil, as soybean oil now accounts for roughly 45-48% of crush value versus a traditional one-third. Demand for oil in biofuels, including renewable diesel, is driving the change.
A growing share of crush value in oil means more soybean crushing for oil and potentially less meal output, which can tighten soymeal supplies for feed buyers.
fastmarkets.comRobert LaneJan 10, 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.
