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S&P Dow Jones Indices reports that government mandates and consumer climate demands are accelerating renewable diesel feedstock demand. Producers in North America are expected to rely increasingly on soybean and canola oil.
Expected renewable diesel plant demand for soybean and canola oil would tighten vegetable oil supplies and lift oilseed prices, raising food-versus-fuel concerns.
spglobal.comFiona BoalApr 13, 2021After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
