Strong biodiesel imports could erode domestic soybean oil demand

Biodiesel and renewable diesel imports continue to enter the U.S. market at a rapid pace. Should this pace accelerate, it could cause forecast demand use of soybean oil by the U.S. domestic biodiesel industry to decline. 2015 Biomass-based diesel imports through August are already 96% of full year 2014 imports and ahead of the 2013 import pace that saw 342.4 million gallons imported. However, imports in…