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Itaú BBA's June Agro Monthly says soybean oil was the standout of the complex in May, driven by crude oil and expected biodiesel mandates including Indonesia's B50 and possible Malaysian B15. Meal faces weaker prospects from rising global crush and export competition, with excess supply expected to pressure prices in the second half of the year.
Strong biofuel-linked oil demand supports crush economics, but growing meal supply from major exporters points to lower meal prices and softer margins for feed buyers.
tridge.comVictor LangatJun 19, 2026After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% 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.
