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USDA kept its forecast for soybean oil used in biofuel production for the 2021-22 marketing year unchanged. The report left projected biofuel feedstock demand at its prior level.
An unchanged forecast signals no new demand shift, so the report has limited direct price impact on soybean oil.
biodieselmagazine.comFeb 9, 2022After 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.
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.
