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The Van Trump Report says soybean oil prices in Decatur, Illinois have more than doubled since October 2020. Soybean oil's share of gross crush value reached over 45% in early May 2021, and USDA added a biofuel category to its May supply and demand report.
Biofuel demand is making soybean oil the main driver of crush margins, which supports soybean oil prices and shifts crush economics toward oil rather than meal.
vantrumpreport.comadminMay 24, 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.
