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WTI crude fell 24% between April 23 and June 5, and gasoline and ULSD dropped 21% and 18% over the same period. The CME piece argues soybean oil, skew in crude options and refined-product options gave early warnings of the decline.
Soybean oil often leads crude because of biofuel links, so its moves help signal energy direction. Weaker crude lowers biofuel economics and can pressure soy oil and vegetable oil prices.
cmegroup.comJun 19, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
