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US tallow and used cooking oil consumption for biofuel production rebounded in September, according to EIA data. Soybean oil demand in biofuels also remained strong over the same period.
Steady biofuel feedstock demand supports US soybean oil use and underpins crush economics. The rebound in alternative feedstocks is a secondary factor for soyoil supply.
After 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.
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.