The domestic soybean oil demand in the US could rise slightly in 2020 due to the latest diesel blending policies of the government, market sources said.
The Hellenic Shipping News reports the amount of US soybean crushed in January was up 3% year on year at 5.66 million mt, Department of Agriculture data showed Monday.
Crude oil produced from soybeans totaled 2.15 billion lb in January, up 2% year on year, the report added. Also, once-refined soybean oil production, also called pure soybean oil, totaled 1.37 billion lb in January, up 2% on the year, according to the USDA.
