Renewable diesel feedstock imports forcing soybean crushers to shutdown longer

In Illinois, Farm Progress reports that soybean crushers are feeling pressure from increased imports of used cooking oil and other renewable diesel feedstocks, which is weighing on soy oil prices and potentially risking investments into further crushing. In an effort to combat these lower prices, millions of bushels worth of crushing capacity went offline in April for the annual maintenance season ahead of time and are expected to remain offline longer.