Soybean oil for biofuels has limited impact on overall food prices
Use of soy meal in livestock feed drives down price of animal protein products.
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Use of soy meal in livestock feed drives down price of animal protein products.
While biofuel demand contributes to rising price of soy oil-based foods, soy availability drives animal protein cost down, offsetting Consumer Price Index.
A complex global trade dynamic has fueled tighter supplies of vegetable oils and milk, leading to higher prices for butter and margarine at home.
National Corn Grower Association accomplishments, biodiesel, soybean crush investments and Brazilian crops and exports are featured this week.
Pro Farmer's 2022 Crop Tour found corn yields will likely come in lower than the USDA's already-pessimistic estimates.