# Grain market review: Oilseeds

> The article reviews FAO data showing world vegetable oil prices in August rose 5.9% from July to their highest since January 2020, driven by palm oil, soy oil, sunflower oil and rapeseed oil. It also cites IGC reporting a 4% rise in its soybean price index and heavy Chinese new-crop soybean purchases.

- Date: 2020-10-31 · published 2020-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50748-grain-market-review-oilseeds
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight vegetable oil supplies and robust Chinese soybean buying support oilseed and meal prices. Ongoing biodiesel demand in the US adds further support to soy oil values.

## Read by commodity

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

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/5319-grain-market-review-oilseeds

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