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The National Biodiesel Board's virtual conference highlighted plans to grow biodiesel to 6 billion gallons by 2030, which would require over 18 billion pounds of soybean oil annually. Industry leaders said cover crops could add oilseed supply and that state low-carbon fuel standards could boost demand.
Long-term projected biodiesel growth implies rising soybean oil demand, supporting oil prices and the value of the soybean crush, though the timeline is long.
iasoybeans.comIowa Soybean AssociationJan 21, 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.
