USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged

USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged

 

** Notice** The Jacobsen will discontinue reporting various price points beginning January 1, 2021. Regional biodiesel reporting as well as The Jacobsen B100 Index will be removed in favor of additional biodiesel and renewable diesel price points. Renewable Diesel (cents/gal) California LA will be eliminated along with Biodiesel LA CA dlvd ($/MT). International reporting will be adjusted to better reflect both the Renewable Diesel and Biodiesel Market.

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Renewable Diesel Output Likely to Ramp Soybean Oil Demand Higher    

The National Oilseed Processors Association (NOPA) is expected to release October crush results next week.  The October crush likely surged to the second highest monthly level on record due to strong margins and plentiful supply due to the ongoing harvest.  According to Reuter’s estimates, 177.123…

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