# SunSirs: Agriculture: Eye-Catching Performance of Palm Oil and Soybean Oil in the Fourth Quarter Thanks to Good News Supporting

> SunSirs reported palm oil and soybean oil index gains in early December, with palm oil up about 8% and soybean oil up about 2.5% over the early-December level. The rally followed biodiesel policy news and seasonal consumption peaks, while soybean meal and rapeseed meal prices fell.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/12380-sunsirs-agriculture-eye-catching-performance-of-palm-oil-and-soybean-oil-in-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Biodiesel policy support and peak-season demand are tightening vegetable oil supply, which lifts oil prices relative to meal and widens the oil share of crush values.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- CANMEAL: bearish ▼
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2019-12-18 | 5 | +7.0% | 3.4 | Palm and soybean oil indexes rose on biodiesel policy news and seasonal demand, showing the broader vegetable oil rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-12-05 | [Higher renewable fuels standard supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73343-higher-renewable-fuels-standard-supports-oils-agweek-1-source-for-agriculture.md) | +0.8% | +1.9% |
| PALMOIL | 2024-02-02 | [Palm Oil News - Palm Oil OF and Levy in February 2024 Would be US$ 118 per Ton](https://feedsoft.ai/events/15664-palm-oil-news-palm-oil-of-and-levy-in-february-2024-would-be-us-118-per-ton.md) | +0.6% | +3.9% |
| PALMOIL | 2021-07-09 | [Palm Oil News - The Government's Smallholder Palm Oil Replanting Funds Still Far from Being Able to Support Biodiesel Industry](https://feedsoft.ai/events/45943-palm-oil-news-the-government-s-smallholder-palm-oil-replanting-funds-still-far.md) | +6.2% | +9.1% |
| PALMOIL | 2024-10-01 | [Indonesia: Indonesia Simplifies Palm Oil Export Levies in Response to Decreasing CPO Exports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/15610-indonesia-indonesia-simplifies-palm-oil-export-levies-in-response-to-decreasing.md) | +9.3% | +9.7% |
| PALMOIL | 2024-09-05 | [Palm Oil News - CPO Reference Price Gets increased in September 2024, Out Fee and Export Duties Would be US$ 142 per Ton](https://feedsoft.ai/events/6164-palm-oil-news-cpo-reference-price-gets-increased-in-september-2024-out-fee-and.md) | +0.4% | +12.0% |
| SBO | 2017-10-22 | [EPA decision on mandates supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68334-epa-decision-on-mandates-supports-oils-agweek-1-source-for-agriculture-news.md) | +2.0% | +0.8% |
| SBO | 2023-10-12 | [US shifts to net soybean oil importer on biofuel boom: Foreign Agricultural Service](https://feedsoft.ai/events/15267-us-shifts-to-net-soybean-oil-importer-on-biofuel-boom-foreign-agricultural.md) | +5.1% | +0.1% |
| SBO | 2016-11-27 | [EPA Renewable Fuel Standard rallies soybean oil prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73744-epa-renewable-fuel-standard-rallies-soybean-oil-prices-agweek-1-source-for.md) | +2.3% | -5.6% |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-973.html

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