# Hot Edible-Oil Prices Underpin Soybeans

> Malaysian palm oil futures have risen about 24% since early October 2019 and hit two-year highs on Nov 20. Palm output normally dips in October and November, and global stocks-to-use is near typical levels, so the rally is not driven by a severe shortage. Analysts say strong edible oil prices could support soybean oil and soybean prices.

- Date: 2019-11-15 · published 2019-11-15T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56105-hot-edible-oil-prices-underpin-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher palm oil prices lift vegetable oil costs and can pull soybean oil demand higher, supporting soybean crush economics and meal supply dynamics.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/11/20/hot-edible-oil-prices-underpin-3
- mckeany-flavell.com: https://www.mckeany-flavell.com/2019-20-october-soybean-crush-breaks-record-11-15-19/

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