# What do soy prices mean for Iowa biodiesel? | Iowa Agribusiness Radio Network

> 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.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48213-what-do-soy-prices-mean-for-iowa-biodiesel-iowa-agribusiness-radio-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/what-do-soy-prices-mean-for-iowa-biodiesel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.