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A commentator expects US soybean oil to remain in a bull market for the foreseeable future, driven by renewable fuel demand that exceeds supply. He notes that supply is tight in the next delivery window ahead of a USDA report.
Strong renewable fuel demand against tight nearby supply supports higher soybean oil prices. The view is a forecast, not a new supply or demand event.
czapp.comWalter CroninAug 11, 2023Not enough comparable past events yet for a historical read.
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.
