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USDA maintained its forecast for soybean oil used in biofuel production in its February report. The article is a brief item with no further detail in the provided text.
An unchanged biofuel use forecast leaves soybean oil demand expectations steady, with no new direct price impulse.
biomassmagazine.comFeb 9, 2023After 114 past neutral report events, Soybean Oil 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.
