# Market Report MAY 2024 – Lipsa

> Lipsa's monthly report notes a sharp fall in palm oil prices on expected seasonal production recovery and a correction after palm traded at a premium to other oils. Rapeseed oil rose to multi-month highs on tighter European supply, while sunflower oil fell less than palm and soy.

- Date: 2024-05-03 · published 2024-05-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4565-market-report-may-2024-lipsa
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Palm and soy oil weakness reflects expected supply growth, while tighter European rapeseed supply supports that oil. Lower vegetable oil prices can ease meal and oil input costs for feed buyers.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bullish ▲
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-05-01 | 1 | -7.3% | -10.6 | It explains the sharp April-May palm decline as a correction from palm's premium to other oils and an expected seasonal production recovery, a plausible structural contributor, but it was published after the move. |

## Sources

- lipsa.es: https://www.lipsa.es/en/market-report-may-2024/

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