Biodiesel Activity

Soybean oil futures were off to the races for the second consecutive day up 0.42 to 33.05 cents per pound for the July contract. That is nearly a 1½ cent per pound gain in the past two days. According to some crushers I spoke with their does not appear to be a whole lot of logic behind the market move and it has the SBO brokers sitting on their hands for the moment, waiting for the things to settle down. SBO’s move higher appears to be…