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The December 2020 WASDE kept its projection for soybean oil use in biodiesel unchanged. The article is a brief report summary.
An unchanged biofuel use outlook gives no new signal, so soybean oil fundamentals are unchanged from the prior report.
biodieselmagazine.comDec 10, 2020After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
