Jan-Jun soybean oil use for biofuel up 19% YOY

Biomass-based diesel manufacturers used 4.95 billion pounds of soybean oil during the first six months of 2022, a sizeable increase over H1 2021 and up 34 percent from Jan-Jun 2019, when the industry saw significant expansion in renewable diesel production. Production of renewable diesel [...]

Commodity ingredient intelligence

We hope you have been finding our In the Know blog both useful and informative. But did you know that our IQ Ingredient Intelligence platform provides multiple daily commentaries on a variety of commodity and ingredient markets? In addition, the platform offer access to [...]

Helpful overview of biofuel market factors

Ethanol production consumes more than a third of U.S. corn production, while biodiesel and renewable diesel consume 40 percent of domestic soybean oil production—a share that’s only expected to increase as demand for renewable diesel expands. Having a handle on the biofuel markets deepens [...]

Soy complex rebounds as Midwest weather turns ominous

Futures activity Soybean futures demonstrated their greatest gains in about 18 years last week as weather concerns moved into the market. Aug-22 soybean futures increased by $1.64 per bushel last week to close at $16.37 per bushel on Friday. Nov-22 futures increased 9 percent [...]

Soy complex holds firm amid optimism in Ukraine

Futures activity The soy complex, in particular soybean oil, took strength off rallying crude oil prices last week, with spot soybean oil futures settling over 81 cents per pound yesterday and today, a 2.3-cent per pound rally on the week. S&D and fundamental factors [...]

Runaway prices at pump result in broken campaign promises

Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50 per barrel (bbl) to over $100 per bbl, and gasoline prices have followed that same trajectory. With consumers now paying more than $4 per [...]

India 2021/22 sugar production projected stronger at 35 MMT

In a new estimate, ISMA sees total 2021/22 sugar production at 35.0 MMT—some 1.5 MMT above our most recent estimate. The new forecast is based on improved cane tonnage and strong sugar recovery (i.e., sugar content) even though total planted area has not grown [...]

WASDE, EPA biofuel news drive soybean market

Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]

Go to Top