Loading…
The March WASDE report left US soybean ending stocks unchanged and kept Argentine and Brazilian forecasts steady, but cut the 2024/25 soybean oil biofuel use estimate. The USDA also lowered the average farm price and raised China's crush estimate.
A lower biofuel use estimate reduces expected soyoil demand, which is bearish for soybean oil, while higher Chinese crush supports soymeal demand.
brownfieldagnews.comJohn PerkinsMar 11, 2025After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
