# Surge in online orders boosts soyabean oil futures

> Soybean oil futures in Chicago have rallied about 40% from March lows, supported by rising online orders that boosted long-haul truck traffic and diesel demand. Renewable diesel makers have turned to soy oil as feedstock, since restaurant closures cut cooking oil and rendering supplies fell after meat plant shutdowns.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50723-surge-in-online-orders-boosts-soyabean-oil-futures
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Stronger truck-driven diesel demand and renewable diesel feedstock needs pull soybean oil demand higher, supporting soyoil prices and the crush margin for soybean meal.

## Read by commodity

- SBO: bullish ▲
- DIESEL: neutral

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/surge-in-online-orders-boosts-soyabean-oil-futures

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