Loading…
DTN analyst Todd Hultman says soybean oil and meal values are both strong, giving processors record crush margins. Investors are rushing to build plants that convert soybean oil into renewable diesel.
A new Bunge plant targeting soy protein concentrate was also reported.
Expanding crush capacity for renewable diesel could keep meal supplies ample and oil demand strong, which supports soybean prices. Feed buyers should watch whether meal stays cheap as a byproduct or remains valuable.
dtnpf.comDec 16, 2022Not 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.
