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Iowa State University researchers are nearing commercialization of a bio-based polymer made from soybean oil that could replace petroleum-based asphalt binders. The article cites an Iowa Soybean Association biodiesel study estimating a 12.9-cent rise in soyoil price per pound.
A new industrial use for soy oil could add modest long-term demand, but volumes of about 1.6 billion pounds are small relative to the overall market, so the near-term price impact is limited.
feedandgrain.comLisa CleaverOct 1, 2020Not 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.
