CBOT December soybean oil futures climbed to 70.08 cents/lb on October 13 before settling at 68.02 cents/lb. Prices fell further to 67.11 cents/lb after an EPA biofuel proposal weighed on the market.
An EPA biofuel proposal reduces expected soybean oil demand from the renewable diesel sector, pressuring oil values and soybean crush economics.
After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.