# Prices for soybean and palm oil has fallen by almost 5%

> Chicago soyoil fell 4.7% ahead of USDA acreage and stocks reports, with traders reducing positions amid weak grain prices and soft physical demand. Malaysian palm oil also fell on forecasts of higher March output, and Dalian palm and soybean futures declined.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12664-prices-for-soybean-and-palm-oil-has-fallen-by-almost-5
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected larger palm oil output and weaker speculative demand point to lower vegetable oil prices, reducing feed fat and oilseed meal cost support.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-03-31 | 1 | -5.3% | -3.9 | Reports on 31 March of Chicago soyoil down 4.7% ahead of USDA reports and palm falling on expected higher March output directly describe the day's sell-off via rival-oil spillover and supply expectations. |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-soevu-ta-palmovu-oliyu-obvalilisya-majzhe-na-5.html

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