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Soybean growers are funding checkoff-backed tests of higher biodiesel blends such as B30, B40 and B50 across on-road and off-road engines. The National Biodiesel Board says biodiesel can add about 63 cents per bushel to growers' returns.
If higher blends become approved, they would add soybean oil demand and support the crush margin. The testing is at an early stage, so the price effect is limited for now.
brownfieldagnews.comTom SteeverMay 20, 2019After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
