USDA maintains forecast for soybean oil use in biofuel production

After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.

• Apr 11, 2023USDA maintains forecast for soybean oil use in biofuel production | Biodiesel Magazine+0.5%
• Jul 12, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine-3.6%
• Feb 9, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine+1.5%
• Jun 12, 2024June WASDE maintains 2024-’25 forecast for soybean oil use in biofuel production | Biodiesel Magazine+1.0%
• Feb 9, 2022USDA maintains forecast for 2021-'22 soybean oil use in biofuel | Biodiesel Magazine-0.1%

After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Dec 8, 2023WASDE maintains forecast for 2023-’24 soybean oil use in biofuel | Biomass Magazine+0.2%
• Feb 28, 2025US soybeans production to fall in next marketing year: USDA-0.9%
• Feb 28, 2025Soybean oil use for biofuels Is expected to increase: USDA - BioEnergy Times-0.9%
• Aug 12, 2020India oilseed production forecast to rise+3.9%
• Apr 8, 2021USDA to expand forecasts on soyoil use in biofuels in May crop report - Markets - Business Recorder+0.1%