
The US Energy Information Administration reported that ethanol and renewable diesel production capacity was unchanged in August, while biodiesel capacity declined. The article provides no further detail in the available text.
Lower biodiesel capacity reduces potential demand for soybean oil and other feedstocks, though the change is small and the effect on prices is limited.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 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.
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.