# Soybean Oil Has a Bearish Week

> July soybean oil closed limit down 5.5 cents on June 17 on concerns about a possible change in biofuel policy. Prices were challenging the 100-day average near 55.68 cents, a level not broken since June 2020. Soyoil had earlier reached a record and accounted for over half of crush value.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/46688-soybean-oil-has-a-bearish-week
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soybean oil is now a major driver of soybean crush value, so a loss of biofuel demand support could weaken soybean and meal economics. The break below key averages signals a sharp correction in vegetable oil prices.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | 5 | -11.8% | -5.5 | Soyoil closed limit down on biofuel policy concerns, cutting crush value, a major support for soybeans, which pressured the complex. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-06-15 | [Soybean oil rally screeches to a halt](https://feedsoft.ai/events/6437-soybean-oil-rally-screeches-to-a-halt.md) | -7.3% | -3.9% |
| SBO | 2023-03-24 | [Soybean Oil Prices in South America Hit Two-Year Low](https://feedsoft.ai/events/36961-soybean-oil-prices-in-south-america-hit-two-year-low.md) | -0.6% | -2.6% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | +1.8% | — |
| SOY | 2021-06-15 | [Soybean oil rally screeches to a halt](https://feedsoft.ai/events/6437-soybean-oil-rally-screeches-to-a-halt.md) | -3.9% | -2.3% |
| SOY | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | -1.4% | — |
| SOY | 2025-05-15 | [Soybeans Collapse on Thursday with RVO Rumors and Bean Oil Limit Losses](https://feedsoft.ai/events/24782-soybeans-collapse-on-thursday-with-rvo-rumors-and-bean-oil-limit-losses.md) | -0.4% | -2.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/06/18/soybean-oil-bearish-week

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