# South American soybean oil gains competitiveness into Asia as energy rally reshapes vegetable oil spreads | S&P Global

> S&P Global reports that South American soybean oil is gaining competitiveness in Asia as an energy rally widens its spread against palm oil. CBOT July soybean oil rose above 76 cents per pound in early May, its highest since November 2022. Indonesia's B50 biodiesel mandate, due July 1, is expected to tighten palm oil export availability.

- Date: 2026-05-06 · published 2026-05-06T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19352-south-american-soybean-oil-gains-competitiveness-into-asia-as-energy-rally
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A wider soy oil-palm spread shifts Asian vegetable oil demand toward South American supply, supporting soy oil prices. Tighter palm export availability from Indonesia's B50 mandate adds further upward pressure on the vegetable oil complex.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-09-02 | [US soybean oil rally supports global vegetable oil market](https://feedsoft.ai/events/4538-us-soybean-oil-rally-supports-global-vegetable-oil-market.md) | -4.0% | -7.2% |
| SBO | 2026-02-10 | [South American biodiesel blending policies shift soybean oil trade \| S&P Global](https://feedsoft.ai/events/20707-south-american-biodiesel-blending-policies-shift-soybean-oil-trade-s-and-p.md) | +2.1% | +9.8% |
| SBO | 2026-09-02 | [CBOT soybean oil rises 7.2% as EPA reallocation shifts biofuel outlook \| S&P Global](https://feedsoft.ai/events/14992-cbot-soybean-oil-rises-7-2-as-epa-reallocation-shifts-biofuel-outlook-s-and-p.md) | -4.0% | -7.2% |
| SBO | 2025-06-18 | [Sharp rise in soybean oil and crude oil quotes in Chicago supported vegetable oil prices](https://feedsoft.ai/events/5345-sharp-rise-in-soybean-oil-and-crude-oil-quotes-in-chicago-supported-vegetable.md) | -3.8% | -0.3% |
| SBO | 2021-08-18 | [Biden push to cut emissions likely to pressure US soybean oil supply in coming years \| S&P Global](https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming.md) | -5.7% | -10.0% |
| PALMOIL | 2026-09-02 | [US soybean oil rally supports global vegetable oil market](https://feedsoft.ai/events/4538-us-soybean-oil-rally-supports-global-vegetable-oil-market.md) | -0.5% | -4.3% |
| PALMOIL | 2026-04-01 | [Veg oils prices surge as CPO futures and soyoil rally](https://feedsoft.ai/events/9474-veg-oils-prices-surge-as-cpo-futures-and-soyoil-rally.md) | +1.8% | +1.7% |
| PALMOIL | 2025-06-02 | [Indonesia's B50 push could lift global palm oil prices: report](https://feedsoft.ai/events/24322-indonesia-s-b50-push-could-lift-global-palm-oil-prices-report.md) | +2.3% | +3.8% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/050626-south-american-soybean-oil-gains-competitiveness-into-asia-as-energy-rally-reshapes-vegetable-oil-spreads

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