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Soybean oil is strengthening its position in the global vegetable oil market as demand from biodiesel and renewable diesel producers grows. Palm oil still posts the largest production growth, but soybean oil is catching up, especially in the United States and Brazil.
Production of the four major vegetable oils has nearly tripled since 2000.
Stronger biofuel demand pulls soybean oil away from food uses and tightens its competition with palm oil, which supports soybean oil prices. Feed buyers may see higher soybean meal availability as crushing expands to meet oil demand.
money.kompas.comSakina Rakhma Diah SetiawanNov 15, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
