Loading…
An article notes soybean oil is the dominant edible oil in the US, with about 34% of domestic use going to biodiesel. It describes growing canola oil use in fast food and food products, and argues that high oleic soybean oil could expand soybean meal demand in US animal agriculture.
A shift toward high oleic soybean oil could increase crushing and soybean meal output, while growing canola oil competition affects soybean oil demand. The effect on prices is speculative and long-term.
decision-innovation.comDIS TeamDec 7, 2017Not 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.
