Study finds that biodiesel adds 25 cents per bushel to soy price and $2.5 billion in net returns to soy industry

BiofuelsDigest.com

In Missouri, the United Soybean Board released a study by Centrec Consulting Group, which concluded that US farmers received an additional $2.5 billion in net returns over the last four years due to the biodiesel industry’s demand for soybean oil. The demand added up to 25 cents in support for the per-bushel price of soybeans, the study found.

Additionally, the study found that higher demand for soybean oil led to an increased supply of soybean meal, resulting in meal prices dropping by $19 to $45 per ton.

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