Weakness in Gasoil/Heating Oil has been crushing production margins although premium of Soybean oil Vs Gasoil has remained above 20 days average. Expecting a large transition soon as we approach liquidation of Russian Diesel worldwide when we approach Feb5 sanctions deadline. This is in combination with India and China transformation of cheap Russian crude into diesel for export at record crack margins. This will force Soyoil much lower.
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