Brazil's soybean crop is forecast at a record, while soybean oil production is raised to 13.5 million tonnes on stronger international demand and the B16 biodiesel mandate. Soybean oil export forecasts are cut to 1.7 million tonnes, 15% below the current year, as more oil stays domestic.
Lower Brazilian oil exports tighten global soy oil availability, supporting soy oil prices, while a record crop keeps soybean supply ample.
After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.