# CBOT weekly outlook: Factors worth watching - AgCanada

> Analyst Terry Reilly says CBOT soyoil is choppy after reports EPA may recommend cutting biofuel blending levels, partly offset by strong Indian vegetable oil buying. He sees December corn possibly rising 10-15 cents ahead of a Statistics Canada report and USDA crop progress, but doubts it will exceed $6.

- Date: 2021-08-25 · published 2021-08-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45601-cbot-weekly-outlook-factors-worth-watching-agcanada
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Possible biofuel blending cuts would weaken soyoil demand, while India's buying supports vegetable oil prices. Corn's modest upside reflects dry conditions in the US and South America ahead of planting.

## Read by commodity

- SBO: bearish ▼
- CORN: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-outlook-factors-worth-watching

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.