Loading…
An Iowa Soybean Association article quotes a United Soybean Board analyst saying the U.S. has a near-record soybean crop that has not hurt prices because soybean oil demand is driving the complex. Renewable diesel expansion is expected to lift soybean oil demand.
Strong soybean oil demand from renewable diesel is cushioning soybean prices against record supply, and it shifts crush value toward oil.
iasoybeans.comIowa Soybean AssociationNov 24, 2021After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
