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The National Biodiesel Board set a goal of producing six billion gallons of biodiesel and renewable diesel by 2030 and 15 billion by 2050. NBB CEO Donnell Rehagen said about 90% of growth to six billion must come from soybean oil-based biodiesel.
A long-term industry growth target signals sustained soybean oil demand from biofuels, supportive for soybean oil prices over time.
agri-pulse.comBen NuelleJan 22, 2020Not 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.
