# China's Palm, Soybean, and Rapeseed Oil Futures Rise; Crude Up Over 2% on Middle East Tensions | Gate News

> China's palm, soybean and rapeseed oil futures rose on August 31, with spot palm oil in Guangzhou up 150 yuan per ton. International crude oil rose over 2% intraday on Middle East escalation, and Malaysia's derivatives exchange was closed for a holiday.

- Date: 2026-08-29 · published 2026-08-29T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/10975-china-s-palm-soybean-and-rapeseed-oil-futures-rise-crude-up-over-2-on-middle
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude oil raises biodiesel economics and vegetable oil prices, supporting palm, soy and rapeseed oil values used in feed fat blends.

## Read by commodity

- SBO: bullish ▲
- BRENT: bullish ▲
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-08-31 | 1 | +5.6% | 13.2 | Aug 31 palm futures in China rose with crude up over 2% on Middle East escalation, while Malaysia was closed, so the price move reflects a catch-up to biodiesel-linked crude strength. |
| SBO | 2026-08-31 | 1 | +5.0% | 3.3 | On Aug 31 crude rose over 2% on Middle East escalation and Chinese vegoil futures including soyoil climbed, a same-day energy-linked demand and biofuel-margin driver for soybean oil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-10-08 | [CO Futures Close Higher Amid Middle East Tensions, Crude Oil Rally – MPOC](https://feedsoft.ai/events/7765-co-futures-close-higher-amid-middle-east-tensions-crude-oil-rally-mpoc.md) | -0.9% | +10.5% |
| PALMOIL | 2024-08-26 | [Palm and soybean oil prices rise in response to recovery in crude oil prices](https://feedsoft.ai/events/28878-palm-and-soybean-oil-prices-rise-in-response-to-recovery-in-crude-oil-prices.md) | +0.7% | +6.8% |
| PALMOIL | 2024-10-02 | [CPO Futures Close Higher Amid Rising Tension In The Middle East - Malaysia News Gazette](https://feedsoft.ai/events/7242-cpo-futures-close-higher-amid-rising-tension-in-the-middle-east-malaysia-news.md) | +3.6% | +5.8% |
| PALMOIL | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | -1.0% | -2.2% |
| PALMOIL | 2024-10-03 | [Malaysian Palm Oil Prices Climb Due To Middle East Tensions](https://feedsoft.ai/events/7767-malaysian-palm-oil-prices-climb-due-to-middle-east-tensions.md) | -0.9% | +1.5% |
| SBO | 2024-08-26 | [Palm and soybean oil prices rise in response to recovery in crude oil prices](https://feedsoft.ai/events/28878-palm-and-soybean-oil-prices-rise-in-response-to-recovery-in-crude-oil-prices.md) | +3.3% | +1.0% |
| SBO | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | +1.8% | +7.0% |
| SBO | 2024-10-03 | [Malaysian Palm Oil Prices Climb Due To Middle East Tensions](https://feedsoft.ai/events/7767-malaysian-palm-oil-prices-climb-due-to-middle-east-tensions.md) | +0.1% | +3.6% |

## Sources

- gate.com: https://www.gate.com/news/detail/chinas-palm-soybean-and-rapeseed-oil-futures-rise-crude-up-over-2-on-middle-23867767

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