# Physical vegetable oil market activity slows to crawl - The Jacobsen

> Physical vegetable oil trading slowed sharply in the week to April 10 as bids and offers on soybean oil widened amid ample supply and weaker renewable diesel demand. The futures curve is in steep contango, encouraging crushers to store product rather than sell at cheaper cash bids.

- Date: 2024-04-10 · published 2024-04-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30817-physical-vegetable-oil-market-activity-slows-to-crawl-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Contango and storage incentives signal surplus soybean oil supply that caps near-term cash prices until stocks are rebuilt.

## Read by commodity

- SBO: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/04/10/physical-vegetable-oil-market-activity-slows-to-crawl/

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