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Soybean oil futures on the CME fell to the 3-cent daily limit on May 15 after unconfirmed reports that the EPA proposed 2026 renewable volume obligations of 4.65 billion gallons, well below the industry's 5.25 billion gallon recommendation. Soybean futures also approached their limit down.
A biofuel mandate far below expectations reduces expected soybean oil demand from biodiesel, which pressures soybean oil and, through crush economics, soybean prices.
bricsgrain.comadmin https://www.bricsgrain.comMay 27, 2025After 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.
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.
