
CBOT soybean oil rose 1.1% to $1,510 per ton on August 27 as the USDA Crop Progress report showed US soybean good-to-excellent ratings falling to 60%. Dry Midwest forecasts and strong Chinese buying of US beans also supported prices.
Lower US crop ratings and higher raw bean costs raise oilseed crush input costs, supporting soybean oil and meal prices for feed buyers.
After 184 past bullish weather events, SBO moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.