Soybean Oil as an Energy Source
Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for soybean oil go here!
- The market moved down 5.51 cents.
- 5.51 cents = $3,306 per contract (About 22 trading days)
- When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
- Soybean oil has a wide variety of food and industrial uses including: cooking oil, lecithin, livestock and poultry feeds, adhesives, cleaning materials and textiles.
- Crushed from the oilseed, soybean oil can be processed into biodiesel and is a new energy source that’s capturing the attention of the trucking and construction industries.
