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Soyoil, palm extend rally. Wheat joins in too
date:Dec 08, 2015
week ago to lift the level of biodiesel output that must be blended into US fuel and, according to Benson Quinn, is expected to increase US biodiesel production by 200m-300m pounds.
If the tax credit legislation goes through as a producer credit, production of US biodiesel is expected to expand exponentially and could quickly tighten US soyoil balance sheet to unsustainable levels, the broker said.
Terry Reilly restated a forecast made earlier that March soyoil has the potential to test the 32.5

12/21 09:49