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Beroe Inc. released a market-size report putting global soybean oil output at about 57 million tonnes, growing at a 3.5% CAGR. The report attributes recent supply growth to larger soybean crops and tighter rapeseed oil supply.
The report is a background market overview with no new supply or demand shock, so it has little direct effect on prices.
prnewswire.comBeroe Inc.Oct 24, 2019After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
