Loading…
The FAO reported its vegetable oil price index fell to a five-month low in December 2017, with the vegetable oil index down 9.6 points and the oilseeds index down 2.2 points. The oilmeal index rose 7.0 points to a 10-month high.
Lower vegetable oil and oilseed prices ease feed-fat and soymeal input costs for buyers, while the firmer oilmeal index signals tighter protein meal supply.
biofuelsdigest.comadminJan 21, 2018After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
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.
