# Bunge highlights soyoil squeeze as it says ag supplies will 'stay tight' - Grain Price News

> Bunge CEO Greg Heckman told investors that global crop supplies will stay tight over the next couple of years due to structural production shortfalls, climate extremes, and supply chain disruptions. He said the Black Sea export disruption from the Ukraine-Russia conflict will persist even if the war ended. The company highlighted strong soyoil demand from US renewable diesel growth.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39222-bunge-highlights-soyoil-squeeze-as-it-says-ag-supplies-will-stay-tight-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Persistently tight grain and oilseed supplies, combined with renewable diesel demand pulling soyoil, support higher prices for soybean oil and related feed inputs such as meal and corn.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/27/bunge-highlights-soyoil-squeeze-as-it-says-ag-supplies-will-stay-tight/

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