# Soybean oil - palm oil spread turns positive, underpinning domestic palm oil consumption | Mysteel

> Malaysia's palm oil ending stocks reached a record 3.51 million tonnes, up 1.15 million year-on-year, after October production hit a historic high of 2.12 million tonnes. Exports fell 310,000 tonnes to 1.12 million tonnes.

- Date: 2026-10-30 · published 2026-10-30T10:05:27.323Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/2063-soybean-oil-palm-oil-spread-turns-positive-underpinning-domestic-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record stocks and output add bearish supply pressure, while a narrowing soyoil-palm spread can support domestic palm consumption and partly offset it.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-23 | [Rising palm oil consumption bolsters Indonesian agriculture - Asia 2018 - Oxford Business Group](https://feedsoft.ai/events/67362-rising-palm-oil-consumption-bolsters-indonesian-agriculture-asia-2018-oxford.md) | +2.9% | +5.0% |
| PALMOIL | 2019-07-25 | [Palm and soybean oil lose a lot of ground - Renewable Carbon News](https://feedsoft.ai/events/58176-palm-and-soybean-oil-lose-a-lot-of-ground-renewable-carbon-news.md) | +0.2% | +8.1% |
| PALMOIL | 2018-02-15 | [Potential Surplus in Palm Oil Could Create Acquisition Opportunities \| Malacca Research](https://feedsoft.ai/events/66375-potential-surplus-in-palm-oil-could-create-acquisition-opportunities-malacca.md) | +0.1% | -2.0% |
| PALMOIL | 2017-03-27 | [Palm oil producers revise up palm oil production, stock data - Business - The Jakarta Post](https://feedsoft.ai/events/72111-palm-oil-producers-revise-up-palm-oil-production-stock-data-business-the.md) | -0.5% | -7.6% |
| PALMOIL | 2017-07-04 | [Analysts expect Malaysian palm oil prices to fall during H2 as production ramps up  : The Daily Digest](https://feedsoft.ai/events/70060-analysts-expect-malaysian-palm-oil-prices-to-fall-during-h2-as-production-ramps.md) | +2.7% | +6.5% |
| SBO | 2023-05-01 | [Soybean Crush Update - Decision Innovation Solutions](https://feedsoft.ai/events/36014-soybean-crush-update-decision-innovation-solutions.md) | -1.0% | -8.8% |
| SBO | 2023-07-12 | [USDA maintains forecast for soybean oil use in biofuel production \| Biomass Magazine](https://feedsoft.ai/events/15296-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biomass.md) | -3.6% | -2.6% |
| SBO | 2023-02-09 | [USDA maintains forecast for soybean oil use in biofuel production \| Biomass Magazine](https://feedsoft.ai/events/37423-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biomass.md) | +1.5% | -0.1% |

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5146889-soybean-oil-palm-oil-spread-turns-positive-underpinning-domestic-palm-oil-consumption

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