# Agri-commodity market tracker: Recovery in soybean oil price

> Vegetable oil markets rebounded after the sell-off triggered by the EPA biofuel mandate announcement, led by soybean oil. Advanced biodiesel mandates were 5.94 billion gallons for 2023, with 6.54 billion for 2024 and 7.33 billion for 2025, and Brent crude fell near 18-month lows.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35589-agri-commodity-market-tracker-recovery-in-soybean-oil-price
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Soyoil recovery supports other vegetable oil prices, while weaker crude oil pressures the biofuel economics that underpin demand.

## Read by commodity

- SBO: bullish ▲
- BRENT: bearish ▼
- PALMOIL: bullish ▲

## Sources

- agtechnavigator.com: https://www.agtechnavigator.com/Article/2023/06/29/recovery-in-soybean-oil-price/

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