# Market Report OCTOBER 2024 – Lipsa

> A market report notes the sunflower harvest is nearly finished with lower yields and quality across most countries, especially in the Black Sea after drought. Palm oil prices rose on tight stocks and Indonesia's planned biodiesel mandate increase to B40, while US soybean crop prospects are excellent.

- Date: 2024-10-23 · published 2024-10-23T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/27983-market-report-october-2024-lipsa
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Poor sunflower and rapeseed crops and rising biodiesel demand support vegetable oil prices, tightening the supply of oilseed meals used in feed.

## Read by commodity

- SOY: bearish ▼
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-25 | [Record Canola Crush Reported for October](https://feedsoft.ai/events/56170-record-canola-crush-reported-for-october.md) | +3.4% | +9.1% |
| PALMOIL | 2020-10-02 | [Farming News - ADM Agriculture Oilseed Rape Market Report](https://feedsoft.ai/events/50747-farming-news-adm-agriculture-oilseed-rape-market-report.md) | +2.4% | +4.9% |
| PALMOIL | 2026-06-29 | [Market Update for Rapeseed & Canola 29th of June 2026](https://feedsoft.ai/events/18910-market-update-for-rapeseed-and-canola-29th-of-june-2026.md) | -0.5% | +0.6% |
| PALMOIL | 2024-11-05 | [Malaysia’s end-October palm oil stocks fall on lower output, higher exports](https://feedsoft.ai/events/8039-malaysia-s-end-october-palm-oil-stocks-fall-on-lower-output-higher-exports.md) | +4.0% | +0.3% |
| PALMOIL | 2017-05-23 | [Week 20: overview of the veg-oil market \| Greenea](https://feedsoft.ai/events/71093-week-20-overview-of-the-veg-oil-market-greenea.md) | -1.2% | -4.9% |
| SOY | 2021-09-13 | [Market Trends Report – September & October 2021](https://feedsoft.ai/events/12293-market-trends-report-september-and-october-2021.md) | +0.7% | -2.5% |
| SOY | 2022-10-20 | [Grain Transportation Report, October 20, 2022](https://feedsoft.ai/events/39304-grain-transportation-report-october-20-2022.md) | +0.7% | +4.1% |
| SOY | 2021-10-01 | [Grain Transportation Report, October 21, 2021](https://feedsoft.ai/events/44415-grain-transportation-report-october-21-2021.md) | -0.7% | -1.8% |

## Sources

- lipsa.es: https://www.lipsa.es/en/market-report-october-2024/

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