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USDA data show average US soybean oil prices in Decatur, Illinois reached 76 cents per pound in March 2022, over 40% above a year earlier. The 2021/22 season-average price is projected at 70 cents per pound, up 23% from the prior year.
Strong food and industrial demand against limited substitute oil supplies keeps domestic soybean oil prices elevated, supporting crush economics.
drgnews.comDRG Media Group NewsMay 4, 2022After 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.
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.
