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A University of Illinois study by Scott Irwin and Darrel Good found that Chinese soybean import growth has increased global soyoil supply, keeping U.S. soyoil prices from rising despite the biodiesel boom. The authors note this keeps pressure on EPA and Congress over biodiesel mandates.
Abundant global soyoil supply caps prices even as US biodiesel demand grows, so soyoil margins stay thin for crushers and feed meal output stays strong.
subscriber.politicopro.comSep 18, 2017After 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 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
