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Itau BBA expects Brazil's soybean crushing capacity to rise from 59.4 million mt in 2024 to 72.1 million mt by 2027, with 13 new projects adding capacity. The Fuel of the Future law will raise the biodiesel blend from B14 toward B15 in March 2025 and higher thereafter, lifting domestic soyoil demand.
Expanded crush capacity increases soymeal output for export, while a rising biodiesel blend absorbs more soyoil domestically, supporting soyoil prices and tightening exportable supply.
agweb.comDec 24, 2024After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), 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.
