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The January WASDE report lowered the 2024-25 USDA forecast for soybean oil used in biofuel production. The change reflects the USDA's updated demand estimate for biofuel feedstock use.
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A lower USDA estimate of soybean oil used for biofuels reduces projected demand and tends to pressure soybean oil prices.
biodieselmagazine.comJan 10, 2025
biomassmagazine.comJan 10, 2025After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
