# The decrease in quotations of palm and soybean oil pressure on prices of sunflower oil and seeds

> Vegetable oil markets fell on lower crude prices, rising palm oil output and weak Chinese demand. Malaysian palm oil and Chicago soybean oil dropped, and Argentine and Brazilian soybean crop assessments were steady or improving.

- Date: 2021-03-02 · published 2021-03-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48238-the-decrease-in-quotations-of-palm-and-soybean-oil-pressure-on-prices-of
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker vegetable oil futures pull sunflower oil and seed prices lower, though lower crude oil also reduces biofuel-linked support for these oils.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/znizhennya-kotiruvan-palmovoi-ta-soevoi-olii-tisne-na-tcini-sonyashnikovoi-olii-ta-nasinny.html

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