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A National Biodiesel Board member said biodiesel used almost 8.5 billion pounds of soybean oil last year, about one-third of domestic soybean crush. He said this adds about $1.15 per bushel to soybeans at the farm gate.
Biodiesel demand absorbs a large share of soybean oil output, supporting crush margins and soybean farm-gate values.
brownfieldagnews.comadminJan 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.
