◂ Event Timeline

Mar 11, 2021REPORTUS

Modified USDA Biodiesel Reports Coming

DTN's Washington Insider reports USDA Secretary Vilsack spoke with EU Agriculture Commissioner Wojciechowski about environment, rural economies and trade. The item also notes plans to modify USDA biodiesel reporting.

Officials described the call as positive but without substantive results.

WHY IT MATTERS

The modified USDA biodiesel reporting may clarify soyoil demand from biofuels, but the EU discussion has no immediate price impact.

AFFECTSSoybean Oil Soybeans

SOURCE
dtnpf.comDTN's Washington InsiderMar 11, 2021

Price reaction & history

Soybean Oilno directional readSO FAR1d +0.8%5d +1.7%20d +3.1%

After 686 past report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.0% over 20.

Jan 5, 2021USDA Reports Record Oilseed Crushing | Feed & Grain-1.5%
Apr 9, 2021USDA Report Recap+0.3%
Jun 10, 2021USDA Report Recap-10.5%
Aug 10, 2018USDA WASDE report-1.0%
Nov 10, 2020USDA WASDE report+5.5%

Soybeansno directional readSO FAR1d +0.3%5d +0.4%20d +0.3%

After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.

Oct 12, 2022USDA Reports Review-0.3%
Sep 11, 2020USDA Reports Review+4.4%
Aug 12, 2022USDA Reports Review-12.5%
Sep 29, 2017USDA Reports Flash+0.9%
Sep 12, 2018USDA Reports Update-0.8%

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.

Soybean Oil SBO · GP ▸

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Soybeans SOY · GP ▸

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