
Cash crude soybean oil prices at an Indiana plant have fallen well below futures, with a negative basis widening to 5 cents per pound. The article says the June 13 expansion of the Renewable Volume Obligation sent December soyoil futures limit up, but oversupply and EPA skepticism have since weakened cash prices.
A wide negative basis signals weak physical demand for soyoil, which limits gains for US soybean processing margins and farm-level soybean returns despite strong futures.
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.