# USDA’s Soybean oil price forecast – 11/16/2020 – LACO Commodity Research

> 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.

- Date: 2020-11-16 · published 2020-11-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50220-usda-s-soybean-oil-price-forecast-11-16-2020-laco-commodity-research
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼

## Sources

- lacocommodities.com: https://lacocommodities.com/usdas-soybean-oil-price-forecast-11-16-2020/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.