Soyoil, palm extend rally. Wheat joins in too
date:Dec 08, 2015
e Environmental Protection Agencys move a 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 Mar
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