Global soybean oil prices declined as USDA raised its US soybean production forecast and US crushing fell 4.5% in September to 5.34 million tons, below expectations. December CBOT soybean oil fell 1.9% on the week to $1,470/t, while Indian sunflower oil bid prices rose on import demand.
Lower crush reduces soybean meal and oil output, but a bigger US crop and softer soyoil prices weigh on vegetable oil values, with sunflower oil competing for Indian demand.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Not 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.