U.S. soy oil plays vital role in biodiesel, export markets

After 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.

• Jan 29, 2019Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association-0.6%
• Oct 26, 2022Senators to EPA: Use RFS 'set rule' to raise blending targets | National | farmweeknow.com+0.6%
• Feb 7, 2023Indonesia shakes palm oil market again, eyeing biodiesel over exports - Nikkei Asia+1.6%
• Apr 12, 2023Drought, Biodiesel Impacting Soyoil Prices, Exports - Pro Farmer+0.8%
• Feb 21, 2024Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb-1.9%

After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.

• Feb 21, 2024Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb-5.2%
• Nov 9, 2018Brazil biodiesel group seeks 10-pct retention on soy export earnings - Ubrabio-0.2%
• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+1.4%
• Mar 14, 2022Argentina halts export registration for soy oil, meal | Reuters-1.7%
• Jan 1, 2018Indonesian Fisheries and Aquaculture Forum Pushes for Farm Certification, Less Fishmeal Use in Aquaculture - U.S. Soybean Export Council+1.6%

Not enough comparable past events yet for a historical read.