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A National Biodiesel Board board member said U.S. biodiesel demand for soybean oil has risen about 300% over the past decade, with 8 billion pounds used last year. He said this demand supports farmgate soybean values.
Strong biodiesel-driven soybean oil demand supports the soybean price per bushel through higher crush value.
brownfieldagnews.comadminJan 20, 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.
