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Gro Intelligence's weekly note covers US yellow grease production, which was 9% lower through June than a year earlier, and yellow grease's use in biodiesel. The page also previews Brazil's soybean planting and Mexican feeder cattle, but the excerpt is mostly navigation.
Lower yellow grease supply reduces a biodiesel feedstock and could support fats and oils prices, while the other topics are not clearly covered in the excerpt.
gro-intelligence.comAug 28, 2017After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), 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.
