Biodiesel Market

Surging soybean and canola oil prices put a damper on the economic outlook for biodiesel production and blending.  Southern Canada is being hammered by moisture shortages that will likely end up effecting oil yield.  Domestically, the US market is reacting to similar conditions in the corn belt.  Drought conditions, should they occur, couldn’t happen at a more vulnerable time for corn than July, and August for soybeans.  Corn…