# Palm and soybean oil prices continue to rise

> Palm and soybean oil futures rose, with October palm oil reaching its highest since May and December soyoil gaining about 7% for the month. Palm gains were attributed to lower Malaysian output in July, while soyoil tracked crude oil and US crop concerns.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46144-palm-and-soybean-oil-prices-continue-to-rise
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower palm production and concerns over US soybean crops tighten vegetable oil supply, supporting higher edible and biofuel oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-palmovu-ta-soevu-oliyu-prodovzhuyut-zrostati.html

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