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USDA projects that soybean oil use for biodiesel will increase through the 2030-31 marketing year. The article is a brief item with few details beyond the headline.
Rising long-term biodiesel demand for soyoil supports prices over the outlook period, though the item adds little near-term price information.
biodieselmagazine.comNov 9, 2020After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.
