Loading…
Average weekly Midwest crude degummed soybean oil prices fell about 14% and RBD soybean oil fell 12% in the week to December 9, the crude degummed price reaching a 20-week low. Biodiesel margins improved as a result, while crude glycerin prices dropped to their lowest since January 2021.
Lower soyoil prices improve biodiesel margins, which can support renewable diesel and biodiesel crush demand, but falling soyoil also weakens the value of soybean crush economics for meal buyers.
fastmarkets.comAmanda LuhavaljaDec 13, 2022Not 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.
