date:Feb 20, 2013
12.85 if the price for the rest of the month remained at the same level as on February 15.
One factor that could provide additional support for soybean prices during the 2013-14 marketing year would be a rapid expansion in bio-diesel production. The EPA has announced a minimum of 1.28 billion gallons of biodiesel to be produced in 2013, up from one billion gallons in 2012. Annual increases in the total advanced biofuels mandate of the Renewable Fuels Standards (which can be met with biodiesel)