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Iowa biodiesel producers are watching the recent upswing in soybean and soyoil prices, since soybean oil makes up about half of biodiesel feedstocks. Industry officials note that RINs help keep biodiesel prices tied to petroleum, and that Iowa relies more on soybeans than the national average.
Higher soyoil prices raise the cost of biodiesel feedstock and tie soybean prices to fuel policy and crude oil. Demand from biodiesel plants supports soybean crush and the soybean complex.
iowaagribusinessradionetwork.comDustin HoffmannMar 3, 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.
