{"schema_version":"1.0","type":"daily_commodity_report","available":true,"name":"Sharemaestro Soybean Oil Daily Commodity Report","edition":"2026-08-21","market":{"name":"Soybean Oil","slug":"soybean-oil","group":"Grains","unit":"US cents per pound"},"current_read":{"state":{"label":"Repair developing","headline":"Soybean Oil has positive Market Dynamics, but its price trend has not yet turned upward."},"headline":"Soybean Oil has positive Market Dynamics, but its price trend has not yet turned upward.","summary":"The latest completed close is 69.58 US cents per pound. The Trend Signal is inactive, Relative Strength is -2.0 and Market Dynamics is +0.90. This week is +0.8% through 5 completed sessions; across 20 sessions, price changed -6.4%."},"price":{"completed_close":69.580002,"recent_performance_pct":{"1_day":-2.2478196122506455,"5_days":0.7675582577454598,"20_days":-6.390420923169082,"60_days":-7.5471696107581865,"252_days":35.8984387519836},"current_week":{"week_start":"2026-08-17","through":"2026-08-21","sessions":5,"return_pct":0.7675582577454598,"up_sessions":3,"down_sessions":2,"unchanged_sessions":0,"session_moves":[{"day":"2026-08-17","close":71.440002,"return_pct":3.4612583579467726},{"day":"2026-08-18","close":69.690002,"return_pct":-2.4496079941319193},{"day":"2026-08-19","close":69.860001,"return_pct":0.24393599529526355},{"day":"2026-08-20","close":71.18,"return_pct":1.8894918137776884},{"day":"2026-08-21","close":69.580002,"return_pct":-2.2478196122506455}],"previous_week_start":"2026-08-10","previous_week_end":"2026-08-14","previous_sessions":5,"previous_return_pct":1.305749629944275,"change_vs_previous_week_pct_points":-0.5381913721988152,"headline":"Price is higher this week, but momentum has slowed from last week.","detail":"Price is +0.77% across 5 completed sessions this week. The previous completed week returned +1.31%. The market is -4.67 percentage points versus its group this week.","tone":"mixed","group_return_pct":5.440506208513485,"relative_to_group_pct_points":-4.672947950768025}},"readings":{"trend":{"state":"Inactive","value":70.81},"fair_value":67.39968,"relative_strength":{"value":-1.98609,"state":"Lagging"},"market_dynamics":{"value":0.89655,"state":"Supportive"}},"current_setup":{"stance":"Repair watch","path":"Underlying pressure is improving before price has confirmed. This is a watchlist setup, not yet a completed trend.","trigger":"A completed Trend Signal above the current Trend Line near 70.81 US cents per pound, backed by positive Market Dynamics.","failure":"Renewed price weakness with Market Dynamics and relative strength both below zero.","risk":"Volatility ranks at percentile 84 of its three-year history. Treat any setup as high-temperature and scale risk accordingly.","scenarios":[{"label":"Constructive path","condition":"A completed Trend Signal above the current Trend Line near 70.81 US cents per pound, backed by positive Market Dynamics.","meaning":"Confirmation would favour trend continuation or a completed repair rather than an anticipatory entry.","tone":"supportive"},{"label":"Holding pattern","condition":"Price remains near its current structure while confirming layers stay mixed.","meaning":"The market stays on watch; patience preserves the edge because there is no need to force a direction.","tone":"mixed"},{"label":"Failure path","condition":"Renewed price weakness with Market Dynamics and relative strength both below zero.","meaning":"The setup weakens and the defensive interpretation takes priority until a new completed repair develops.","tone":"negative"}]},"positioning":{"label":"Crowding warning","title":"Long exposure is crowded before price has fully confirmed it","summary":"Managed money is net +13.6% of open interest, at percentile 90 of its three-year range. The latest net shift was +2.19 percentage points.","edge":"This is not a clean long-positioning edge. The better signal would be price confirmation without another expansion in crowding.","next_signal":"A completed Trend Signal with positive Market Dynamics, followed by stable or rising net exposure, would turn positioning into confirmation.","risk":"COT is published with a delay and describes trader groups, not a timed entry. Crowding can persist before it unwinds."},"producer_positioning":{"title":"The latest producer move is ordinary, not a standalone signal","detail":"Its magnitude ranks at percentile 73 of retained weekly shifts. The strongest retained horizon is 8 weeks, with 80% directional alignment across 5 independent samples.","implication":"The sample is too small and inconsistent to treat producer hedging as a forecast. Use it as a warning or confirmation layer beside price, never as the trade by itself."},"related_markets":{"title":"Soybeans is the clearest current confirmation market","detail":"The 52-week return correlation is +0.45. A matching move adds context; a divergence may indicate a relative-value move rather than a broad group signal. The strongest retained macro link is Crude oil at +0.47, but it remains descriptive and can change.","action":"Use related markets to confirm or challenge the thesis; do not use correlation alone as the entry trigger."},"publication_boundary":"Observed market data and finished Sharemaestro readings only. Formulas, components, model features, thresholds, weights, source identifiers and calculation workings are not published.","source_coverage":{"commodity_intelligence":{"available":true,"as_of":"2026-08-21","cadence":"Completed daily sessions"},"weekly_exchange":{"available":true,"as_of":"2026-08-21","cadence":"Completed weekly evidence"}},"weekly_exchange":{"name":"Soybean Oil","group":"Grains","as_of":"2026-08-21","completed_close":69.349998,"recent_performance_pct":{"1_weeks":0.4345,"4_weeks":-6.6999,"12_weeks":-10.7694,"52_weeks":26.4588},"readings":{"trend":{"state":"Active"},"fair_value":51.947885,"relative_strength":{"value":-2.303998,"state":"Lagging"},"market_dynamics":{"value":-1.217656,"state":"Cautious"},"next_week_view":{"direction":"undecided","probability_pct":52.532}}},"canonical_url":"https://sharemaestro.com/commodities/assets/soybean-oil/report/","distributions":{"html":"https://sharemaestro.com/commodities/assets/soybean-oil/report/","pdf":"https://sharemaestro.com/commodities/assets/soybean-oil/report/download.pdf","json":"https://sharemaestro.com/commodities/assets/soybean-oil/report/data.json"},"citation":"Sharemaestro, Soybean Oil Daily Commodity Report, 2026-08-21, https://sharemaestro.com/commodities/assets/soybean-oil/report/","license":"https://sharemaestro.com/data-license/","disclaimer":"Observed market evidence for research and education only. Not financial, investment, trading, tax or legal advice.","content_hash":"83779084a3f9490d3b4873359dbcd15f5ba519eda44658af139597a47fbe43d9"}