# Bull Market For US Soybean Oil Continues | CZ app

> US soybean oil prices remain in a bull market, according to analysis published October 19, 2023. NOPA reported record September crush and soyoil yield, while USDA charts show shifting US vegetable oil supply and demand driven by renewable diesel feedstock demand.

- Date: 2023-10-18 · published 2023-10-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33712-bull-market-for-us-soybean-oil-continues-cz-app
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Record crush boosts soyoil output, but strong renewable diesel feedstock demand keeps domestic soyoil tight, which supports prices and pulls vegetable oil trade flows toward the US.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: neutral

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/bull-market-for-us-soybean-oil-continues/

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