# Grain market review: Oilseeds | World Grain

> 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.

- Date: 2021-12-27 · published 2021-12-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43723-grain-market-review-oilseeds-world-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Softer demand expectations and lower crude oil values pressure soyoil and other vegetable oil prices, which feed into oilseed meal and feed-ingredient economics.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-04-26 | [Oil price crash, COVID-19 weaken grains and oilseed markets](https://feedsoft.ai/events/53733-oil-price-crash-covid-19-weaken-grains-and-oilseed-markets.md) | +4.4% | +6.3% |
| SBO | 2020-02-25 | [Coronavirus spread pressures grains, oilseeds - Brownfield Ag News](https://feedsoft.ai/events/12543-coronavirus-spread-pressures-grains-oilseeds-brownfield-ag-news.md) | -3.1% | -11.4% |
| SBO | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | -4.3% | -8.1% |
| SBO | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -8.0% | +0.1% |
| SBO | 2020-02-28 | [Asian palm oil market drops 5.7% on coronavirus fears \| S&P Global](https://feedsoft.ai/events/5814-asian-palm-oil-market-drops-5-7-on-coronavirus-fears-s-and-p-global.md) | +0.9% | -8.1% |
| PALMOIL | 2019-01-14 | [Some of world's biggest banks see stronger ringgit in 2019](https://feedsoft.ai/events/61348-some-of-world-s-biggest-banks-see-stronger-ringgit-in-2019.md) | +0.8% | +5.6% |
| PALMOIL | 2020-06-22 | [Crude palm oil price movement revolves around petroleum market, says plantation expert \| Malay Mail](https://feedsoft.ai/events/52728-crude-palm-oil-price-movement-revolves-around-petroleum-market-says-plantation.md) | -0.9% | +5.6% |
| PALMOIL | 2020-01-25 | [Why palm oil biofuel simply cannot replace fossil fuel yet in Malaysia](https://feedsoft.ai/events/54963-why-palm-oil-biofuel-simply-cannot-replace-fossil-fuel-yet-in-malaysia.md) | -1.5% | -12.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16271-grain-market-review-oilseeds

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