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Food, Droughts, & Agriculture Trends With GrainStats

Lead-Lag Live

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Soybean Oil Is Your Best Benchmark, Right?

Soybean oil and other oils is pretty much like main ingredients in US food, basically. It's the most liquid futures contract out there when it comes down to the oils. Soybean oil is a huge component in making renewable diesel and biodiesel. If you're buying chicken at $4 a pound three months ago, well, you're not going to be buyingChicken at $2 a pound anytime soon.

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