Renewable Energy Demand Pushing Soy Oil To The Forefront

By Forrest Laws

Farm Progress

The 2020-21 marketing year had all the thrills of a roller coaster ride for soybean farmers – highs that were too short-lived and downturns that were excruciatingly long as growers tried to figure out how and when to price their crop.

It also brought a resurgence of the old food vs. fuel debate from 2008 and 2009 when new demand for renewable fuels including ethanol from corn and biodiesel from soy oil pushed corn to $8 per bushel and soybeans to $14 per bushel.

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