# Morning Thoughts - Feb 21 - Plus500 Futures Technologies

> Last week's NOPA crush report showed soyoil stocks sharply above expectations. EPA RIN data indicate January biodiesel output near 100 million gallons, down from about 185 million in December, as the blending tax credit expired.

- Date: 2017-02-21 · published 2017-02-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72365-morning-thoughts-feb-21-plus500-futures-technologies
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slowing biodiesel use cuts soybean oil demand, a bearish factor for SBO and a signal of weaker crush-derived oil supply demand into the new year.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-08-05 | [Major fall in global food prices for July, but future supply worries remain \| UN News](https://feedsoft.ai/events/40157-major-fall-in-global-food-prices-for-july-but-future-supply-worries-remain-un.md) | +3.6% | +3.4% |
| SBO | 2025-04-02 | [EIA Reports Modest Growth In U.S. Biofuels Capacity For January - Dailyoilfutures.com](https://feedsoft.ai/events/15132-eia-reports-modest-growth-in-u-s-biofuels-capacity-for-january-dailyoilfutures.md) | -1.6% | +5.1% |
| SBO | 2022-05-30 | [EU sunflower harvest to set record by bigger margin than thought - Grain Price News](https://feedsoft.ai/events/41521-eu-sunflower-harvest-to-set-record-by-bigger-margin-than-thought-grain-price.md) | -0.3% | -14.2% |
| SBO | 2024-05-17 | [FNB News - Ukraine to remain world's largest exporter of sunflower oil though decline in processing \| FNB News](https://feedsoft.ai/events/30379-fnb-news-ukraine-to-remain-world-s-largest-exporter-of-sunflower-oil-though.md) | +1.6% | +2.7% |
| SBO | 2017-12-17 | [Reports confirm large supplies - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/8429-reports-confirm-large-supplies-agweek-1-source-for-agriculture-news-farming.md) | -1.3% | -2.0% |
| SOY | 2023-11-14 | [Yields Better than Expected Despite Drought in Many Counties - Morning Ag Clips](https://feedsoft.ai/events/13234-yields-better-than-expected-despite-drought-in-many-counties-morning-ag-clips.md) | -0.1% | -3.2% |
| SOY | 2019-07-31 | [Prospects for soybean demand - Morning Ag Clips](https://feedsoft.ai/events/58126-prospects-for-soybean-demand-morning-ag-clips.md) | -3.5% | -3.7% |
| SOY | 2024-06-07 | [Grains rallying this morning. Thursday, June 6, 2024](https://feedsoft.ai/events/6153-grains-rallying-this-morning-thursday-june-6-2024.md) | -0.9% | -2.1% |

## Sources

- pft.plus500.com: https://pft.plus500.com/morning-thoughts-2017-02-21/

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