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Fastmarkets analysis describes oilseeds as the leading driver of agricultural markets, citing recovering Chinese hog herd demand, North American biofuel demand, and EU moves away from palm oil. It notes rising US CPI and food price inflation linked to oilseed volatility.
Structural demand growth for oilseeds and meals supports prices and volatility, which raises input costs for feed buyers relying on soybean meal and vegetable oils.
fastmarkets.comFastmarkets pricing teamJun 10, 2021After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% over 20.
After 28 past bullish macro events, Soybean Oil moved a median -1.2% over 5 sessions (32% higher; middle half -2.1% to +1.8%), and -2.3% over 20.
After 38 past bullish macro events, Palm Oil moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +3.0%), and -0.3% over 20.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% 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.
