# Daily market wire 31 July 2017 - Grain Central

> Soybeans rose on August weather uncertainty and a court ruling against the EPA's attempt to cut renewable volume obligations for biofuels. Soybean oil rallied on the ruling. Fund positions moved to flat from net short.

- Date: 2017-07-30 · published 2017-07-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/7128-daily-market-wire-31-july-2017-grain-central
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Upholding higher biofuel blending demand supports soybean oil and crush margins, which lifts soybeans. Weather uncertainty adds to the upside.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-02-01 | [Edible oil markets rally as Indonesia limits palm oil exports - Grain Central](https://feedsoft.ai/events/8092-edible-oil-markets-rally-as-indonesia-limits-palm-oil-exports-grain-central.md) | +1.1% | +8.8% |
| SBO | 2021-08-23 | [Three market-moving factors to watch this week - Dakota Midland Grain](https://feedsoft.ai/events/45637-three-market-moving-factors-to-watch-this-week-dakota-midland-grain.md) | +2.7% | -2.4% |
| SBO | 2025-07-01 | [TFM Daily Market Summary 07-01-2025 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/4522-tfm-daily-market-summary-07-01-2025-total-farm-marketing-by-stewart-peterson.md) | +2.7% | +4.7% |
| SBO | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | +2.1% | -3.8% |
| SBO | 2026-01-29 | [What does the soybean market look like in 2026?](https://feedsoft.ai/events/21080-what-does-the-soybean-market-look-like-in-2026.md) | +0.6% | +8.0% |
| SOY | 2020-12-31 | [Market Perspectives – December 31, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49574-market-perspectives-december-31-2020-u-s-grains-and-bioproducts-council.md) | +4.4% | +5.1% |
| SOY | 2017-03-17 | [China’s new approach to corn \| World-grain.com \| March 17, 2017 19:08 \| World Grain](https://feedsoft.ai/events/71844-china-s-new-approach-to-corn-world-grain-com-march-17-2017-19-08-world-grain.md) | -1.0% | -4.6% |
| SOY | 2025-07-01 | [TFM Daily Market Summary 07-01-2025 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/4522-tfm-daily-market-summary-07-01-2025-total-farm-marketing-by-stewart-peterson.md) | 0.0% | -4.1% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-31-july-2017/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.