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The August WASDE kept its 2024-25 forecast for soybean oil use in biofuel production unchanged. The article is a short report on the USDA data release.
An unchanged biofuel use forecast means no new demand shift for soybean oil from the USDA, so the report leaves the soy oil and crush outlook largely as it was.
biodieselmagazine.comAug 12, 2024After 114 past neutral report events, SBO 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.
