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Soybean oil's share of the crush has risen toward historic levels as renewable diesel demand surges, with US soyoil futures hitting an all-time high on June 7 before falling about 16% by early July. Industry analysts expect soyoil to remain valued at a higher share of crush than in the past.
Strong soyoil demand for renewable diesel pulls crush toward oil over meal, tightening soyoil supply while meal availability shifts, with price direction dependent on biofuel policy signals.
foodbusinessnews.netRon SterkJul 5, 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.
