The American Soybean Association said the final RVOs for 2023 to 2025 fall well short of industry growth. The 2023 volume was unchanged from the draft, and the 2024 and 2025 increases were modest.
Volumes that only match current production leave little incremental demand for soybean oil feedstock. This weighs on soybean oil and soybean prices.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.