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The National Biodiesel Board says biodiesel industry growth has added up to 11 cents per pound of value to soybean oil, equal to about 63 cents per bushel for soybean producers. The industry says this provides some certainty amid trade uncertainty.
Biodiesel-driven demand supports soybean oil values and the soybean crush margin, which helps underpin soybean prices for growers during trade tensions.
brownfieldagnews.comJan 22, 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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
