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The American Soybean Association reports that US biodiesel production reached a record 1.8 billion gallons in 2016, up from 1.4 billion in 2015. Imports rose to over 1 billion gallons and now capture more than a third of the market.
Record domestic biodiesel output supports soybean oil demand, but rising imports limit the gain for US crushers and soybean oil prices.
soygrowers.comJan 26, 2017After 842 past bullish policy events, SBO 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.
