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An Iowa Soybean Association feature describes a Story County farmer's use of B20 biodiesel and a farmer survey showing 93% have used or would consider biodiesel. Soybean oil is the main feedstock for US biodiesel, and biodiesel production adds about 13% to soybean value.
The article cites recent soybean prices in the teens.
Biodiesel demand for soybean oil supports crush margins and soybean values. Strong crush demand also lifts meal supply, which matters for feed costs.
iasoybeans.comIowa Soybean AssociationMar 15, 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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
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.
