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CME soybean oil futures surged on Thursday April 16 on soaring crude oil, tight domestic soybean supplies and no reported biomass-based diesel imports for March. Malaysian CPO futures ended roughly unchanged, with the July contract closing at 4,495 ringgit per tonne.
Higher crude makes biodiesel and renewable diesel more competitive, pulling soyoil and palm oil demand up and supporting soybean crush economics. Soymeal output rises with crush, which can soften meal prices even as oil firms.
fastmarkets.comFastmarket teamApr 20, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
CME soyoil surged on higher crude, tight domestic soybean supply and no reported biomass-based diesel imports, directly describing the energy-linked demand and supply drivers of the rally.
