# Continues the speculative rise in prices for soybean and sunflower oil

> Palm oil futures rose toward $534 per tonne on concerns over an extended Malaysian plantation work ban tied to COVID-19. Soybean oil in Argentina climbed to $595 per tonne FOB, and US soybean oil reached a one-month high, while South American soybean crop forecasts were cut by drought.

- Date: 2020-04-08 · published 2020-04-08T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil
- 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

Lower South American soybean and palm output estimates, along with the Malaysian labor restrictions, tighten vegetable oil supplies and support vegetable oil prices, though the article notes actual demand is weakening.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-06-27 | [Palm oil will rise in price in the second half of the year – forecast](https://feedsoft.ai/events/35580-palm-oil-will-rise-in-price-in-the-second-half-of-the-year-forecast.md) | +12.1% | +13.3% |
| PALMOIL | 2022-11-03 | [Global Soyabean Oil Prices Rise Amid Various Factors](https://feedsoft.ai/events/38750-global-soyabean-oil-prices-rise-amid-various-factors.md) | -3.2% | -0.2% |
| PALMOIL | 2017-07-11 | [European biodiesel prices rise in line with higher rapeseed oil  : The Daily Digest](https://feedsoft.ai/events/70057-european-biodiesel-prices-rise-in-line-with-higher-rapeseed-oil-the-daily-digest.md) | -1.2% | +0.6% |
| PALMOIL | 2021-04-22 | [Data show tight supplies, not speculation, driving soyabean prices - The HinduBusinessLine](https://feedsoft.ai/events/47625-data-show-tight-supplies-not-speculation-driving-soyabean-prices-the.md) | +0.6% | +12.9% |
| PALMOIL | 2025-04-10 | [Vegetable oil prices rise amid tariff chaos and climate pressures](https://feedsoft.ai/events/25207-vegetable-oil-prices-rise-amid-tariff-chaos-and-climate-pressures.md) | +0.8% | -3.2% |
| SBO | 2023-04-19 | [Soybean and soybean oil prices are rising amid another cut in Argentina’s crop forecasts](https://feedsoft.ai/events/36470-soybean-and-soybean-oil-prices-are-rising-amid-another-cut-in-argentina-s-crop.md) | -2.8% | -13.5% |
| SBO | 2026-08-28 | [Soybean oil prices rose due to positive supply and demand prospects.](https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects.md) | +6.9% | +0.6% |
| SBO | 2024-09-09 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28425-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -1.3% | +2.0% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/trivae-spekulyativne-pidvishennya-tcin-na-soevu-ta-sonyashnikovu-oliyu.html

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