# Fund Spreading Drives Soybean Oil Futures Higher - The Jacobsen

> Soybean oil futures rose about 0.75% to a fresh post-pandemic high, with the December contract just above 32.5 cents per pound. Fund spreading added roughly 3,000 contracts to their long oil position, while palm oil gained over 1% but stayed below last week's high.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51683-fund-spreading-drives-soybean-oil-futures-higher-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Fund buying and firm palm oil support soyoil prices, though technical resistance and the coming harvest may cap gains; the move is routine price commentary without a new supply shock.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2020/08/26/fund-spreading-drives-soybean-oil-futures-higher/

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