# Sharp drop in soybean oil prices increased pressure on other oils, but the premium for sunflower oil will continue to grow

> December CBOT soybean oil futures fell about 5% over two sessions to $954/t, losing the prior two weeks' gains. Palm oil on Bursa Malaysia dropped 3.8% on Monday, and Ukrainian sunflower oil prices held at $1140-1160/t amid limited supply.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11131-sharp-drop-in-soybean-oil-prices-increased-pressure-on-other-oils-but-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Uncertainty over US green energy programs pressured soyoil, while reduced sunflower supply from the war in Ukraine supports vegetable oil prices and premiums. Higher vegoil prices tighten feed fat and raise input costs for feed buyers.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-11-25 | 5 | -7.0% | -3.1 | December CBOT soybean oil fell about 5% over two sessions around Nov 18-20, giving up two weeks of gains, and palm oil weakness added pressure, directly matching the 5-day decline. |
| SBO | 2024-11-25 | 1 | -3.6% | -3.3 | Soybean oil futures were already sliding about 5% over two sessions into late November, and the selling momentum and pressure on competing oils plausibly carried into the Nov 25 drop. |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/sharp-drop-in-soybean-oil-prices-increased-pressure-on-other-oils-but-the-premium-for-sunflower-oil-will-continue-to-grow/
- tridge.com: https://www.tridge.com/news/a-sharp-drop-in-soybean-oil-prices-has-incre-sikgki

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