# Vegoil imports partly fill in for thinning US soyoil stocks | Reuters

> Chicago soybean oil futures are at three-year lows as US soyoil stocks have thinned substantially from normal levels. Higher US vegetable oil prices in 2022 encouraged imports of soyoil, which are partly filling the supply gap.

- Date: 2023-10-18 · published 2023-10-18T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/33709-vegoil-imports-partly-fill-in-for-thinning-us-soyoil-stocks-reuters
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tightening US soyoil stocks supported by imports can limit further downside in soyoil, but weak futures prices signal ample global vegetable oil supply, keeping the price outlook bearish for soy oil buyers.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-05-13 | [VEGOILS-Palm in line for fourth day of fall on U.S.-China trade tension \| Reuters](https://feedsoft.ai/events/12581-vegoils-palm-in-line-for-fourth-day-of-fall-on-u-s-china-trade-tension-reuters.md) | +2.7% | +3.3% |
| SBO | 2024-08-28 | [US imports of Chinese used cooking oil set for new record, future uncertain](https://feedsoft.ai/events/15193-us-imports-of-chinese-used-cooking-oil-set-for-new-record-future-uncertain.md) | +1.5% | +3.5% |
| SBO | 2025-05-01 | [India starts raising palm oil buying as prices fall below soyoil](https://feedsoft.ai/events/25224-india-starts-raising-palm-oil-buying-as-prices-fall-below-soyoil.md) | -2.2% | -1.3% |
| SBO | 2024-04-26 | [Soaring Imports of Green Diesel Feedstocks Disrupt US Soy Market - Bloomberg](https://feedsoft.ai/events/15221-soaring-imports-of-green-diesel-feedstocks-disrupt-us-soy-market-bloomberg.md) | -3.6% | +2.7% |
| SBO | 2024-04-04 | [Used Cooking Oil Imports for Biofuels Exceed Expectations - American Soybean Association](https://feedsoft.ai/events/15225-used-cooking-oil-imports-for-biofuels-exceed-expectations-american-soybean.md) | -0.4% | -9.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/vegoil-imports-partly-fill-thinning-us-soyoil-stocks-2023-10-18/

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