# Edible oil prices tumble on US ethanol plan and record soybean supplies

> Global edible oil markets slid on expectations of a record Brazilian soybean crop and a new US plan allowing higher ethanol blending in gasoline. Soyoil fell in China to a three-month low, Malaysian palm oil futures lost more than 4%, and US bean oil dropped 2.4%, with Indonesia's biodiesel mandate expected to roll out gradually.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower biofuel demand expectations and larger soybean supplies weigh on vegetable oil prices, with palm oil and soyoil both affected by the slower Indonesian B40 timeline.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2023-10-25 | [Rabobank: Renewable diesel supply glut weighs on soybean prices \| Feed & Grain](https://feedsoft.ai/events/15266-rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices-feed-and-grain.md) | +0.6% | +9.0% |
| SBO | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | +1.8% | — |
| PALMOIL | 2025-01-04 | [Edible Oil Prices in 2025: Palm Oil Drops, Check Latest Mustard and Soybean Oil Rates](https://feedsoft.ai/events/26620-edible-oil-prices-in-2025-palm-oil-drops-check-latest-mustard-and-soybean-oil.md) | +0.3% | +0.2% |
| PALMOIL | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | +1.0% | -2.4% |
| PALMOIL | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +2.2% | +14.5% |

## Sources

- tridge.com: https://www.tridge.com/news/edible-oil-prices-tumble-on-us-ethanol-plan--bucdpx

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