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German biodiesel producers are cutting run rates or halting reductions entirely as vegetable oil feedstock prices rise sharply. The report comes from Quantum Commodity Intelligence, citing the German industry association VDB.
Reduced biodiesel output lowers industrial demand for vegetable oils, which offsets some of the cost-push pressure from high feedstock prices and is a bearish signal for soybean oil demand in Europe.
qcintel.comMar 28, 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.
