# Soybean Oil Prices Rally Despite Decline in Soybean Futures - The Jacobsen

> Vegetable oil prices were mixed on Friday as fund spreading lifted the front end of the soybean oil curve despite lower soybean futures. For February, the benchmark soybean oil contract rose about 13.7% and palm oil gained 11.2%, supported by bullish world vegetable oil fundamentals and record cash prices.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48729-soybean-oil-prices-rally-despite-decline-in-soybean-futures-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong vegetable oil gains and a wide soyoil-palm spread have slowed U.S. soyoil export demand, while the soyoil-heating oil spread at multi-year highs supports biofuel-linked demand for soyoil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2021/02/26/soybean-oil-prices-rally-despite-decline-in-soybean-futures/

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