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Jim Sutter of the U.S. Soybean Export Council and analysts argue renewable diesel will drive a sharp rise in global soybean oil demand. They note that renewable diesel and biodiesel draw on the same feedstocks and that sustainability commitments are boosting interest in U.S. soy.
The commentary comes from a December 9 webinar on U.S. soy production, crush and exports.
Expectations of rising soybean oil demand support forward soybean and soy oil prices. This is an industry outlook with no new policy or supply shock, so the impact is limited.
ussec.orgDec 14, 2021Not 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.
