# US soyabean oil prices rise due to tight supply and surging energy…

> USDA analysis reports US soybean oil prices rose by more than a third in early June while petroleum prices climbed 45% over the same period. Tight vegetable oil supplies from droughts in Canada and South America, the Russia-Ukraine conflict and trade restrictions are also cited as drivers.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41032-us-soyabean-oil-prices-rise-due-to-tight-supply-and-surging-energy
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher energy values set a price floor for vegetable oils and US industrial demand, including biodiesel, is forecast to rise sharply, supporting soybean oil and crush margins.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.6% | -9.4% |
| SBO | 2023-11-14 | [CBOT Soybean Oil Rises, Argentina Forward Prices Up](https://feedsoft.ai/events/33254-cbot-soybean-oil-rises-argentina-forward-prices-up.md) | +2.6% | -1.2% |
| SBO | 2023-07-04 | [Palm and soybean oil futures rose 8.5-10% in two sessions, following soybean prices](https://feedsoft.ai/events/6545-palm-and-soybean-oil-futures-rose-8-5-10-in-two-sessions-following-soybean.md) | +0.5% | -1.8% |
| SBO | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.6% | +7.3% |
| SBO | 2023-07-03 | [Palm oil price to stay high amid tighter soybean market, say analysts](https://feedsoft.ai/events/6546-palm-oil-price-to-stay-high-amid-tighter-soybean-market-say-analysts.md) | +6.2% | +2.3% |
| WTI | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +5.2% | +14.7% |
| WTI | 2023-08-01 | [EIA forecasts crude oil prices will increase through 2024 as demand rises above supply](https://feedsoft.ai/events/35198-eia-forecasts-crude-oil-prices-will-increase-through-2024-as-demand-rises-above.md) | +0.2% | -1.6% |
| WTI | 2017-02-01 | [Crude oil prices expected to increase slightly through 2017 and 2018](https://feedsoft.ai/events/73137-crude-oil-prices-expected-to-increase-slightly-through-2017-and-2018.md) | -1.1% | +2.0% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/us-soyabean-oil-prices-rise-due-to-tight-supply-and-surging-energy-costs

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