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The Flint Hills Resources Duonix biodiesel plant in Beatrice, Nebraska, is shutting down production. Owners cite low soybean oil prices and federal blenders tax credit distortions.
Closure removes a small source of biodiesel demand for vegetable oils, adding modest downward pressure on soybean oil prices.
brownfieldagnews.comJul 2, 2019After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
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.
