# SunSirs: Soybean Oil and Palm Oil Prices Fell Sharply on March 14

> Soybean oil and palm oil prices fell sharply on March 14 after a steep prior rally. Selling followed continued auctions of rapeseed and soybean oil from the State Reserve and weakening terminal demand, with palm oil down more than 5% in a day.

- Date: 2022-03-15 · published 2022-03-15T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5496-sunsirs-soybean-oil-and-palm-oil-prices-fell-sharply-on-march-14
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

State reserve auctions add domestic supply in China and weaker downstream demand pressures vegetable oil prices, reducing the cost of oil-based feed ingredients.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-03-14 | 1 | -2.7% | -3.0 | Soybean and palm oil prices fell sharply on March 14 after a steep rally, with State Reserve auctions and weakening terminal demand prompting profit-taking. |
| SBO | 2022-03-18 | 5 | -10.1% | -3.2 | Sharp falls in soybean and palm oil after a steep rally, with State Reserve auctions and weak demand in China, signal liquidation and weaker demand that fed into the weekly decline. |
| SBO | 2022-03-17 | 1 | -3.1% | -3.2 | Sharp soy and palm oil declines after a steep rally, driven by State Reserve auctions and weakening demand, indicate profit-taking and sentiment weakness in vegoils, though the date is a few days before the move. |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-6662.html

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