# Palm oil market supports prices for sunflower oil and seeds

> Malaysian palm oil futures rose 1% to $630.9/t after a two-day decline, supported by soyoil and rising Malaysian exports in early November. Chicago soybean oil rose on record US October soybean crush data, while Brent crude fell 4% to $60.7/bbl.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56203-palm-oil-market-supports-prices-for-sunflower-oil-and-seeds
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Firmer palm and soyoil prices, together with record US crush output that supplies meal, support vegetable oil costs and sunflower product prices for feed buyers.

## Read by commodity

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

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/rinok-palmovoi-olii-pidtrimue-tcini-na-sonyashnikovu-oliyu-ta-nasinnya.html

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