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CBOT soybean oil futures moved sharply from September 11 to 14, dipping after a USDA report and then rebounding about 3% on a lower US production estimate. Heat and dryness in the Midwest added support, with futures near $0.629/lb.
Lower US soybean supply and tight oil exports support soyoil prices, which lift the cost of high-energy fat ingredients in feed.
tridge.comNur HameedSep 22, 2023Not enough comparable past events yet for a historical read.
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.
