
India's soyoil imports are expected to reach a record in August as competitive prices lead refiners to boost purchases ahead of festive demand. Russia-Ukraine war disruptions to sunflower oil shipments are also pushing buyers to switch to soyoil.
Strong Indian import demand for soyoil supports global vegetable oil prices, and the narrowing soy-palm premium shifts demand toward soyoil, which is bullish for soyoil and modestly supportive for sunflower meal alternatives.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.