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USDA forecasts the average Central Illinois soybean oil processor price for October 2020 through September 2021 at 34 cents per pound. That is roughly 4 cents below current nearby futures, according to LACO's price analysis.
The USDA forecast sits below futures, implying the market may be pricing in higher soyoil values than the agency expects, with downside risk toward 30 cents later in the period.
lacocommodities.comDavid TedrowNov 16, 2020Not enough comparable past events yet for a historical read.
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.
