# China’s act on US soybean may pressure crude palm oil’s competitiveness — RHB Research

> RHB Research says China's halt on US soybean purchases for the season will depress soybean oil prices and erode CPO's price competitiveness. The firm cites Oil World data showing a high end-August 2026 soybean stock/usage ratio, and the CPO-SBO discount has narrowed sharply.

- Date: 2025-10-16 · published 2025-10-16T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/22492-china-s-act-on-us-soybean-may-pressure-crude-palm-oil-s-competitiveness-rhb
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soyoil prices narrow the discount that drives India's palm oil buying, which could reduce palm oil imports. Ample soybean stocks keep vegetable oil prices under pressure.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-11 | [SunSirs: Negative Pressure, China's Soybean Meal and Oils Fully Callback](https://feedsoft.ai/events/12364-sunsirs-negative-pressure-china-s-soybean-meal-and-oils-fully-callback.md) | +1.0% | -4.2% |
| PALMOIL | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | +1.8% | -10.6% |
| PALMOIL | 2023-04-27 | [Vegetable oil market: Competitiveness declines, CPO price sinks](https://feedsoft.ai/events/4385-vegetable-oil-market-competitiveness-declines-cpo-price-sinks.md) | -10.0% | -8.3% |
| PALMOIL | 2021-04-05 | [Malaysia's 2021 crude palm oil exports to surge 24.4% on year: MPOC](https://feedsoft.ai/events/47465-malaysia-s-2021-crude-palm-oil-exports-to-surge-24-4-on-year-mpoc.md) | +0.4% | +4.8% |
| PALMOIL | 2024-07-30 | [Strategic marketing of Malaysian palm oil to China in a soft market](https://feedsoft.ai/events/15632-strategic-marketing-of-malaysian-palm-oil-to-china-in-a-soft-market.md) | +0.8% | +1.6% |
| SBO | 2021-05-11 | [SunSirs: Negative Pressure, China's Soybean Meal and Oils Fully Callback](https://feedsoft.ai/events/12364-sunsirs-negative-pressure-china-s-soybean-meal-and-oils-fully-callback.md) | +3.4% | +3.7% |
| SBO | 2025-09-22 | [Lack of China Demand Hammers US Soybean Oil Prices - TT](https://feedsoft.ai/events/22934-lack-of-china-demand-hammers-us-soybean-oil-prices-tt.md) | -2.6% | -0.1% |
| SBO | 2025-02-05 | [Soybean Oil’s Biofuel Share Faces Growing Pressure](https://feedsoft.ai/events/15146-soybean-oil-s-biofuel-share-faces-growing-pressure.md) | +1.5% | -3.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-act-on-us-soybean-may-pressure-crude-palm-oils-competitiveness-rhb-research/

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