# Vegoils price commentary: CPO futures fall on profit-taking; CME soyoil extends decline amid biofuel demand uncertainty - Fastmarkets

> Crude palm oil futures on Bursa Malaysia fell 0.88% to 4,642 ringgit per tonne on July 31, with the weekly decline at 1.69%. CME soybean oil extended its decline to a fifth straight session amid concerns about future biofuel demand.

- Date: 2026-08-03 · published 2026-08-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/17984-vegoils-price-commentary-cpo-futures-fall-on-profit-taking-cme-soyoil-extends
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower palm and soy oil futures reduce the cost of vegetable oil supplies for feed fat blenders, while continued biofuel demand doubts keep the near-term outlook for vegoils soft.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/vegoils-price-commentary-cpo-futures-fall-on-profit-taking-cme-soyoil-extends-decline-amid-biofuel-demand-uncertainty/

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