Slowing biofuel demand weighs on veg oil markets

After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.

• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+2.9%
• Oct 21, 2026Soybean Oil Prices Decline Amid Rising US Production and Crushing Slowdown; Indian Demand Bolsters Sunflower Oil Market | Tridge Insights+0.5%
• Sep 12, 2022USDA lowers forecast for soybean oil use in biofuel production | Biomass Magazine+0.3%
• Jun 14, 2022COVID in China and the war in Ukraine remain the main factors influencing the oil markets 14.06.2022 - UkrAgroConsult-7.4%
• Mar 8, 2024USDA maintains forecast for soybean oil use in biofuel production, reduces forecast for soybean oil prices | Biomass Magazine+3.6%

Not enough comparable past events yet for a historical read.

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Aug 28, 2024Ag trade deficit to grow in FY25, as Chinese market shrinks | Agri-Pulse Communications, Inc.+4.0%
• Nov 8, 2019Nation's corn crop is shrinking | 2019-11-08 | Agri-Pulse Communications, Inc.-2.7%
• Mar 9, 2021Corn, soy, wheat ending stocks hold steady for March | 2021-03-09 | Agri-Pulse Communications, Inc.-1.3%
• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-0.3%
• Mar 11, 2020‘Benign’ WASDE makes minimal changes in numbers | 2020-03-10 | Agri-Pulse Communications, Inc.-5.6%