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Oilseed prices fell from record highs in late December as concern over the Omicron COVID-19 variant grew. Signs of slowing foodservice demand and renewed lockdowns weighed on sentiment.
FAO data showed global vegetable oil prices slipping 0.2% in November, with soy and rapeseed oils softening while palm oil held firm.
Softer demand expectations and lower crude oil values pressure soyoil and other vegetable oil prices, which feed into oilseed meal and feed-ingredient economics.
world-grain.comChris LyddonDec 27, 2021After 40 past bearish macro events, Soybean Oil moved a median -0.8% over 5 sessions (45% higher; middle half -4.5% to +1.7%), and -1.5% over 20.
After 86 past neutral macro events, Palm Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
