# Expected end to soy oil run likely to impact canola price - UkrAgroConsult

> Soybean oil futures reached an all-time high of 73.74 cents in early June, then fell to 58.12 cents a couple of weeks later, a 21% drop. The decline followed a Reuters report that U.S. senators asked the Biden administration to cut biofuel blending mandates. DTN's Todd Hultman says the year-long rally may be over.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/46689-expected-end-to-soy-oil-run-likely-to-impact-canola-price-ukragroconsult
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Possible cuts to biofuel blending mandates threaten the main demand driver for soyoil, which weighs on crush margins and canola prices. Lower vegetable oil values reduce the incentive to crush soybeans, bearing on meal supply.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-08-18 | [Biden push to cut emissions likely to pressure US soybean oil supply in coming years \| S&P Global](https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming.md) | -1.5% | -3.7% |
| SBM | 2023-02-10 | [Processed animal proteins: Is EU compound feed industry use likely to expand?](https://feedsoft.ai/events/37440-processed-animal-proteins-is-eu-compound-feed-industry-use-likely-to-expand.md) | -0.3% | +0.4% |
| SBM | 2026-04-30 | [Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network.md) | -2.3% | +1.3% |
| SBM | 2021-12-09 | [Ukraine to increase domestic consumption of sunflower meal 09.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/43704-ukraine-to-increase-domestic-consumption-of-sunflower-meal-09-12-2021.md) | +2.6% | +16.0% |
| SBM | 2020-06-02 | [EU soy imports linked to illegal deforestation in Brazil – Global Canopy](https://feedsoft.ai/events/52639-eu-soy-imports-linked-to-illegal-deforestation-in-brazil-global-canopy.md) | +1.9% | -0.9% |
| SBO | 2024-08-27 | [California’s proposal to cap SBO, canola oil at 20% of feedstock mix likely to impact RD, biodiesel: sources - The Jacobsen](https://feedsoft.ai/events/15191-california-s-proposal-to-cap-sbo-canola-oil-at-20-of-feedstock-mix-likely-to.md) | +2.0% | +1.6% |
| SBO | 2021-12-08 | [Palm oil prices are rising, while soybean oil prices are falling due to speculative market sentiment 08.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/43701-palm-oil-prices-are-rising-while-soybean-oil-prices-are-falling-due-to.md) | -3.2% | +3.2% |
| SBO | 2021-09-10 | [Kazakhstani oilseed processing companies disagree with the size of the sunoil export quota 10.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/45175-kazakhstani-oilseed-processing-companies-disagree-with-the-size-of-the-sunoil.md) | -0.5% | +6.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/expected-end-to-soy-oil-run-likely-to-impact-canola-price/

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