
CBOT soybeans settled lower on profit-taking and a drop in soyoil after the EPA's biofuel blending proposal failed to clarify how Small Refinery Exemption volumes will be reallocated. Statistics Canada raised its 2025 canola harvest estimate to 20.0 million tonnes.
Unclear RFS reallocation weakens the biofuel demand outlook for soyoil, while a larger Canadian canola crop adds oilseed meal supply and weighs on prices.
After 351 past bearish policy events, SBO 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, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.