04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
The estimated crush margin dropped a penny per bushel, as the value received from soybean oil sales continues to move lower. Soybean oil is battling two fronts, rapidly declining crude oil prices and a sharp fall off in demand from the biodiesel industry. Accelerating soybean meal values and a lower cost for soybeans mostly offset lower soybean oil prices. The value received from soybean oil and meal sales, per bushel…