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Midwest biodiesel margins remain near recent highs, with B100 averaging $7.46 per gallon and a 91-cent per gallon margin over variable costs in the week reported. Soybean oil crude degummed prices in Central Illinois averaged 84.11 cents per pound, down 2% week over week.
Strong biodiesel margins support continued crush and soybean oil demand, which keeps oil share of crush value elevated and supports soybean oil prices relative to meal.
fastmarkets.comRobert LaneJun 6, 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.
