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USDA's November 2 report showed September corn distillers oil output of 201,600 short tons, up 17.3% from a year earlier, while corn used for dry-mill fuel alcohol rose 1.6%. FXNews reconstructed oil yield per input bushel at about 0.99 pound, up about 15% year on year, using ERS's allocation method.
Rising corn oil supply from ethanol plants adds to vegetable oil availability, which can pressure soybean oil and palm oil prices at the margin. The effect depends on the reconstructed estimate, which is not an official yield series, so the signal is limited.
fxnews.aiFXNews News DeskNov 3, 2026After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 96 past bearish report events, PALMOIL moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
