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Midwest biodiesel prices fell 6.3% in the week to July 13 and are down about 9% from a month earlier. Feedstock costs dropped faster, so margins over RBD and crude degummed soybean oil widened.
Biodiesel producers can run more while soybean oil prices fall, which supports soyoil demand for feedstock, but the lower oil price weighs on the crush value and soybean prices.
fastmarkets.comRobert LaneJul 13, 2022Not 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.
