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US biodiesel prices reached four-month highs as heating oil futures rose in New York. Midwest and Gulf Coast biodiesel premiums also widened, reflecting higher soybean costs, while physical B100 trade remained slow.
Higher heating oil and soybean costs lift biodiesel values, which supports soybean oil demand and crush economics. Slow physical trade limits how far the gain can carry through the feedstock complex.
biofuelsdigest.comMeghan SappJul 17, 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.
