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Soybean oil demand is strong, driven by biodiesel and renewable diesel, with the Iowa Soybean Association pointing to growing biofuel use. Biodiesel demand is said to account for about 13% of the net market value of soybeans, or $1.69 per bushel at $13 cash prices.
Sustained biofuel demand supports soybean oil and crush margins, reinforcing a firm price outlook for soybean oil and soybeans.
iasoybeans.comIowa Soybean AssociationSep 23, 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.
