# Why Soybean Oil Futures Are Lower Year on Year | CZ app

> Front-month soybean oil futures closed July 1 near 65.7 cents per pound, slightly below a year earlier. Prices have eased since an April peak as Fed rate hikes, a commodity sell-off and rising supply weigh on the market.

- Date: 2022-07-05 · published 2022-07-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40576-why-soybean-oil-futures-are-lower-year-on-year-cz-app
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soybean oil is trading lower year on year despite strong renewable diesel demand, which pressures crush margins and vegetable oil prices.

## Read by commodity

- SBO: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/why-soybean-oil-futures-are-lower-year-on-year/

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