# Soybeans up on vegetable oil demand - Brownfield Ag News

> Soybean futures closed higher, following vegetable oils, with palm oil sharply higher and US soybean oil hitting fresh contract highs. Brazilian harvest remains slow and China has not yet bought US beans this month.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48689-soybeans-up-on-vegetable-oil-demand-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strength in vegetable oils lifts soybean oil and soymeal values, with oil leading the complex. Feed buyers should watch meal prices as crush margins shift toward oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybeans-up-on-vegetable-oil-demand/

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