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A University of Illinois analysis estimates the average 30-million-gallon US biodiesel plant lost 61 cents per gallon in 2021, or more than $18 million. Aggregate industry losses are put at about $987 million, with the losses attributed to soybean oil prices rising faster than biodiesel prices.
Losses at biodiesel plants signal weaker soybean oil demand from the biofuel sector and the risk of plant closures. Policy-driven renewable diesel growth is pulling feedstock demand, keeping soyoil supported.
biobased-diesel.comRon KotrbaFeb 17, 2022After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
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.
