Laden…
Soybean oil futures fell sharply from all-time highs set two weeks earlier but remain more than double year-ago levels. Cash soybean oil basis is at record strength as food and renewable diesel buyers compete for limited supply.
A study by Advanced Economic Solutions projects renewable diesel output to double to about 1.1 billion gallons in 2021.
Tight soybean oil supply from the food-versus-fuel competition is likely to keep vegetable oil prices elevated for 12 to 24 months. Higher oil prices also reduce the oil share of crush economics, which can pressure soybean meal values.
foodbusinessnews.netJay Sjerven23 jun 2021Na 842 eerdere opwaarts beleid-gebeurtenissen bewoog Sojaolie zich mediaan +0,2% over 5 sessies (52% hoger; middelste helft -1,6% tot +2,1%), en -0,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
