# Is Oil Rally Getting "Stop" Signal from Soybean Oil?

> A CME Group analysis argues that soybean oil prices have often led crude oil turning points over the past 15 years, possibly because of biofuel mandates in 65 countries. Soybean oil peaked on February 6, 2019 and fell 14%, while WTI rose 14% and peaked on April 23. The article also notes Iran-related political risks that could disrupt the historical pattern.

- Date: 2019-05-14 · published 2019-05-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12579-is-oil-rally-getting-stop-signal-from-soybean-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

If soybean oil continues to lead crude, its weakness signals downside risk for crude and for biofuel-linked vegetable oil demand. Political risk around Iran could break that link and support crude prices.

## Read by commodity

- SBO: neutral
- WTI: neutral

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/is-oil-rally-getting-stop-signal-from-soybean-oil

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