Soybean oil - palm oil spread turns positive, underpinning domestic palm oil consumption

After 96 past bearish report events, PALMOIL moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.

• Dec 23, 2017Rising palm oil consumption bolsters Indonesian agriculture - Asia 2018 - Oxford Business Group+2.9%
• Jul 25, 2019Palm and soybean oil lose a lot of ground - Renewable Carbon News+0.2%
• Feb 15, 2018Potential Surplus in Palm Oil Could Create Acquisition Opportunities | Malacca Research+0.1%
• Mar 27, 2017Palm oil producers revise up palm oil production, stock data - Business - The Jakarta Post-0.5%
• Jul 4, 2017Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up : The Daily Digest+2.7%

After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.

• May 1, 2023Soybean Crush Update - Decision Innovation Solutions-1.0%
• Jul 12, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine-3.6%
• Feb 9, 2023USDA maintains forecast for soybean oil use in biofuel production | Biomass Magazine+1.5%
• Dec 11, 2025December WASDE maintains outlook for 2025-’26 soybean oil use in biofuel production-3.7%
• Apr 11, 2023USDA maintains forecast for soybean oil use in biofuel production | Biodiesel Magazine+0.5%