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The August WASDE kept its 2025-26 forecast for soybean oil used in biofuel production unchanged. The report left the outlook for domestic biofuel demand for soybean oil steady.
An unchanged biofuel use forecast means no new demand shift from the USDA estimate. Prices are unlikely to move much on this alone.
After 114 past neutral report events, Soybean Oil 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.