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An overview of the US biodiesel and renewable diesel market reports that 2.65 billion gallons were purchased in 2017, up from 450 million in 2007. It breaks down the EPA-approved feedstocks and notes that soybean oil supplies about 46% of biomass-based diesel.
Soybean oil's large share of biomass-based diesel feedstock links its price to biofuel mandates and demand, which is useful context for feed buyers tracking soybean meal supply from crushing.
oilandenergyonline.comO&E Staff ReporterDec 19, 2018After 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.
