# Global Soyabean Oil Prices Rise Amid Various Factors

> CBOT soybean oil futures rose 13.1% month-on-month to USD 1,667/MT on November 2, 2022, driven by La Niña concerns for South American output and a US crop estimate cut. Rising crude prices and low EU buyer coverage added to the upward move.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38750-global-soyabean-oil-prices-rise-amid-various-factors
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter global oilseed supply and buyers scrambling for cover point to firm soybean oil prices, while uncertainty over the Black Sea corridor could further lift alternative vegetable oil demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -2.8% | -13.5% |
| SBO | 2025-04-10 | [Vegetable oil prices rise amid tariff chaos and climate pressures](https://feedsoft.ai/events/25207-vegetable-oil-prices-rise-amid-tariff-chaos-and-climate-pressures.md) | +2.1% | +4.3% |
| SBO | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -3.4% | -7.1% |
| SBO | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | +3.6% | -2.1% |
| SBO | 2026-08-28 | [Soybean oil prices rose due to positive supply and demand prospects.](https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects.md) | +6.9% | +0.6% |
| PALMOIL | 2025-04-10 | [Vegetable oil prices rise amid tariff chaos and climate pressures](https://feedsoft.ai/events/25207-vegetable-oil-prices-rise-amid-tariff-chaos-and-climate-pressures.md) | +0.8% | -3.2% |
| PALMOIL | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -0.9% | -14.1% |
| PALMOIL | 2023-09-28 | [Risks to global food commodity prices from El Niño](https://feedsoft.ai/events/33997-risks-to-global-food-commodity-prices-from-el-nino.md) | -2.3% | -3.9% |

## Sources

- mintecglobal.com: https://www.mintecglobal.com/top-stories/global-soyabean-oil-prices-rise-amid-various-factors

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