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2 billion bushel carryout in beans?
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Tileman2
Posted 4/10/2019 14:17 (#7431223 - in reply to #7430959)
Subject: RE: Whatever happened to Soy Diesel ??


NW IN
Beans, for the most part, have always been crushed for meal yield. Oil was an afterthought.

Then soybean oil was in vogue for cooking. Now it has a bit of a black eye in the healthy, "clean" eating world.

When you look at May oil trading at 29 cents per lb, a gallon is 7.65 lbs, so you're at $2.21/gallon for crude soybean oil.

Refined HO is trading at $2.08, so you start out in a hole before doing any processing to create a fuel grade product.

Don't get me wrong...I'm all about using soy bio-diesel. It makes a superior product due to the high quality in-stream, but at what premium does it price itself out of the market???
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