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Biodiesel-driven soyoil seen leading complex

Agriculture.com Staff 12/27/2006 @ 1:43pm

Soyoil is seen as the driving force for the soy futures complex in 2007 due to the emergence of a global biofuel revolution, analysts said. Rising energy prices and growing consumer sentiment to reduce U.S. dependence on foreign oil are placing increased interest in alternative fuel sources such as biodiesel.

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Soyoil is seen as the driving force for the soy futures complex in 2007 due to the emergence of a global biofuel revolution, analysts said. Rising energy prices and growing consumer sentiment to reduce U.S. dependence on foreign oil are placing increased interest in alternative fuel sources such as biodiesel.

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