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Ag economist David Widmar notes soybean oil prices rose from about 30 to more than 70 cents per pound as biodiesel demand grew. The American Bakers Association has petitioned the EPA to roll back some Renewable Fuel Standard biodiesel mandates.
Widmar says increased soybean oil use for biodiesel has been building for years and is now more evident.
A possible reduction in biodiesel mandates would cut a major source of soybean oil demand, creating downside risk. The outcome of the bakers' petition remains uncertain, so the price effect is currently balanced.
brownfieldagnews.comMeghan Grebner30 Des 2021Setelah 196 peristiwa kebijakan netral sebelumnya, Minyak Kedelai bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,6% sampai +2,0%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
