# Veg oil complex rides rollercoaster | The Western Producer

> USDA forecasts show global vegetable oil output rising 7.74 million tonnes in 2021-22, with a 2.7 million tonne surplus over consumption. An analyst expects sunflower oil to lead prices lower, dragging the complex down, including canola and soybean oil.

- Date: 2021-07-14 · published 2021-07-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46181-veg-oil-complex-rides-rollercoaster-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A projected vegetable oil surplus from a strong sunflower rebound points to weaker oilseed-based fats prices in 2021-22, which lowers the cost of oil-rich feed ingredients.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-04-10 | [CBOT review: Soybeans rise with soymeal \| The Western Producer](https://feedsoft.ai/events/11662-cbot-review-soybeans-rise-with-soymeal-the-western-producer.md) | -3.0% | +4.2% |
| SBO | 2023-02-16 | [Canola exports, soy oil and meal all affect canola’s price \| The Western Producer](https://feedsoft.ai/events/37285-canola-exports-soy-oil-and-meal-all-affect-canola-s-price-the-western-producer.md) | +1.9% | -6.8% |
| SBO | 2021-12-13 | [USDA sees little renewable diesel benefit for soybean oil \| The Western Producer](https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer.md) | +0.9% | +5.0% |
| SBO | 2024-02-02 | [EPA underestimated U.S. biodiesel production \| The Western Producer](https://feedsoft.ai/events/15237-epa-underestimated-u-s-biodiesel-production-the-western-producer.md) | +2.4% | -1.2% |
| SBO | 2017-05-15 | [USDA: Sunflower oil production in Ukraine will reach 5.63 mln. tonnes in the current season](https://feedsoft.ai/events/71118-usda-sunflower-oil-production-in-ukraine-will-reach-5-63-mln-tonnes-in-the.md) | +1.3% | -2.1% |
| PALMOIL | 2024-02-01 | [Malaysian palm oil output expected to improve this year \| The Western Producer](https://feedsoft.ai/events/15665-malaysian-palm-oil-output-expected-to-improve-this-year-the-western-producer.md) | -1.4% | -0.6% |
| PALMOIL | 2018-04-12 | [Palm oil prices fall as production rebounds \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/65606-palm-oil-prices-fall-as-production-rebounds-analysis-and-features-the-grocer.md) | -0.9% | -4.6% |
| PALMOIL | 2017-03-27 | [Palm oil producers revise up palm oil production, stock data - Business - The Jakarta Post](https://feedsoft.ai/events/72111-palm-oil-producers-revise-up-palm-oil-production-stock-data-business-the.md) | -0.5% | -7.6% |

## Sources

- producer.com: https://www.producer.com/news/veg-oil-complex-rides-rollercoaster/

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