Every 50 million gallons of biodiesel raises soybean prices by 1%, says a USDA analysis. Thus, the average 498 million gallons of biodiesel projected to be produced annually through 2015 will increase farm prices by nearly 10%. That translates to an extra 58c/bu. from biodiesel alone, USDA says.
Source URL: http://www.cornandsoybeandigest.com/biodiesel-will-add-extra-58bu-2015