Articles tagged under: soybean oil
Soy Crush Projects On Hold
Published June 28, 2023
Numerous farm groups were disappointed in the recent EPA announcement on the Renewable Fuels Standard. It is impacting the expansion of the soybean crush. Minnesota Soybean Research and Promotion Council Director of Market Development Kim Nill saids Cargill put a…The Push and Pulls of the Soybean Market
Published May 19, 2023
Paradigm Futures market analyst Kent Beadle thinks the supply side of the vegetable oil market is pulling the soybeans lower. "We just haven't been seeing the expansion that everyone thought with the refining of soy oil into renewable diesel." The…Biofuels Continue to Use A lot of Soybean Oil
Published June 27, 2022
Biofuels may become the largest use of soybean oil in the next few years, beating out the food and feed segment and exports. That’s according to an analysis from Agricultural Economics Insight economist David Widmar. In 2014 and 2015, biofuels…Renewable Diesel Demand Driving ND Soy Crush Boom
Published June 3, 2022
Marathon Petroleum will take the soybean oil from the ADM soy crush facility in Spiritwood, North Dakota, refine it to make renewable diesel in Dickinson and send it on rail to the West Coast. Marathon Senior Vice President of Strategy…Major Soybean Market Drivers are Changing
Published February 11, 2022
In the past decade, the major driver of the soybean market has been exports. Stone X Group Risk Management Consultant John Payne says that has begun to shift to a fuel market. "In the case of markets, like soybeans, we…Renewable Diesel and Biodiesel Increasing Markets
Published January 7, 2022
This past year, new soybean crush facilities were announced in Casselton and Spiritwood, North Dakota. North Dakota Soybean Council Director of Market Development Jena Bjertness says the state is a leader in developing the market. "North Dakota has the new…What’s Hot, What’s Not in the Markets
Published June 7, 2021
There's strength in the commodities, including spring wheat, soybean oil and crude oil. "From my chair, it looks like we're going to have volatility for multiple years," said Tommy Grisafi, risk management advisor, Advance Trading. In today's edition of What's…Bring More Value-Added Agriculture to North Dakota
Published May 11, 2021
Jamestown, North Dakota farmer Terry Wanzek says the fact that ADM is showing an interest in North Dakota for a soybean crush facility makes a big statement. "They have the money, background and knowledge and they see the potential. A…