Soybean Oil Skyrockets

Friday’s RVO release seems to have lit a fire under the soybean oil market. The July futures contract has surged from 32.06 cents per pound close on Thursday to 34.62 cents intraday on Monday. A 256 basis point jump in two days is quite a jump and hopefully the market is not getting too far ahead of itself.

There seems to be some confusion regarding the 2015 D5 vs. D4 RVO. Some analysts in the market are incorrectly predicting a 1.2B…