# Soybean oil prices rose due to positive supply and demand prospects.

> CBOT soybean oil rose 1.1% to $1,510 per ton on August 27 as the USDA Crop Progress report showed US soybean good-to-excellent ratings falling to 60%. Dry Midwest forecasts and strong Chinese buying of US beans also supported prices.

- Date: 2026-08-28 · published 2026-08-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower US crop ratings and higher raw bean costs raise oilseed crush input costs, supporting soybean oil and meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -3.4% | -7.1% |
| SBO | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -2.8% | -13.5% |
| SBO | 2022-11-03 | [Global Soyabean Oil Prices Rise Amid Various Factors](https://feedsoft.ai/events/38750-global-soyabean-oil-prices-rise-amid-various-factors.md) | +2.2% | -5.6% |
| SBO | 2026-07-30 | [Soybean Prices Decline on Forecasted Midwest Rains Despite Strong Export Demand \| Tridge Insights](https://feedsoft.ai/events/18363-soybean-prices-decline-on-forecasted-midwest-rains-despite-strong-export-demand.md) | +2.0% | -1.0% |
| SBO | 2025-06-17 | [Rapeseed and canola prices continue to rise amid rising oil prices and declining harvest forecasts](https://feedsoft.ai/events/24336-rapeseed-and-canola-prices-continue-to-rise-amid-rising-oil-prices-and.md) | -3.8% | -1.6% |
| SOY | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -1.5% | -2.8% |
| SOY | 2019-06-11 | [U.S. Corn and Soybean Yield Prospects - ProAg](https://feedsoft.ai/events/58452-u-s-corn-and-soybean-yield-prospects-proag.md) | +6.3% | +2.8% |
| SOY | 2016-05-12 | [Soybean prices rally as P.E.I. farmers prepare to plant](https://feedsoft.ai/events/6525-soybean-prices-rally-as-p-e-i-farmers-prepare-to-plant.md) | +0.5% | +9.9% |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/gia-dau-dau-tuong-tang-nho-trien-vong-nguon-cung-va-nhu-cau-tich-cuc

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