# Soyoil Jumps on Bets US Tariffs to Include Chinese Cooking Oil

> Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil could be included in forthcoming US tariffs. The tariffs are expected to be announced as early as next week and may cover goods produced in China such as electric vehicles.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/30339-soyoil-jumps-on-bets-us-tariffs-to-include-chinese-cooking-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tariffs on Chinese used cooking oil imports would curb a feedstock flow that has been competing with US soybean oil for biofuel demand, supporting soyoil and the soybean complex.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-03-10 | [Chinese rapeseed meal, oil contracts surge after 100% tariffs on Canadian imports](https://feedsoft.ai/events/25542-chinese-rapeseed-meal-oil-contracts-surge-after-100-tariffs-on-canadian-imports.md) | -1.9% | +6.5% |
| SBO | 2020-05-14 | [China Trade-Deal Splurge Includes Rare Purchase of U.S. Soyoil](https://feedsoft.ai/events/53232-china-trade-deal-splurge-includes-rare-purchase-of-u-s-soyoil.md) | +6.7% | +7.3% |
| SBO | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.5% | +0.4% |
| SBO | 2025-08-01 | [Indonesia palm oil exports to US may fall due to tariffs, industry group says](https://feedsoft.ai/events/23854-indonesia-palm-oil-exports-to-us-may-fall-due-to-tariffs-industry-group-says.md) | -1.5% | -1.3% |
| SBO | 2018-04-06 | [Short-Term Palm Boost After China Tariff on US Soybeans: Traders](https://feedsoft.ai/events/65607-short-term-palm-boost-after-china-tariff-on-us-soybeans-traders.md) | -0.5% | -3.8% |
| SOY | 2020-02-05 | [Yuan jumps to 2-week high as Beijing cuts tariffs on some US goods - The Business Times](https://feedsoft.ai/events/5136-yuan-jumps-to-2-week-high-as-beijing-cuts-tariffs-on-some-us-goods-the-business.md) | +0.6% | +2.2% |
| SOY | 2020-02-06 | [How Chinese tariffs on U.S. imports will stand after February 14 cuts](https://feedsoft.ai/events/54475-how-chinese-tariffs-on-u-s-imports-will-stand-after-february-14-cuts.md) | +1.4% | +1.0% |
| SOY | 2019-10-31 | [Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief](https://feedsoft.ai/events/56422-exclusive-beijing-could-ax-extra-tariffs-on-u-s-farm-products-to-boost-imports.md) | -0.1% | -3.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-05-10/soyoil-jumps-on-bets-us-tariffs-to-include-chinese-cooking-oil

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