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Midwest biodiesel prices rose slightly last week and were about 1.1% above a month earlier. RBD soybean oil rose less than biodiesel, so margins for producers using RBD oil widened from $0.17 to $0.18 per gallon over variable costs.
Stronger biodiesel margins support continued crush and soyoil demand from the biofuel sector, which supports soybean oil prices and therefore the value of soybean meal as a co-product.
fastmarkets.comRobert LaneAug 24, 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.
