# Fund Spreading Reverses Overnight Gains In Soybean Oil Market - The Jacobsen

> Nearby soybean futures were marginally higher on Monday while December soybean oil fell about 18 basis points after fund selling and long meal/short oil spreading. The EPA biofuel proposal in the Federal Register added early uncertainty, and palm oil in Dalian hit fresh contract highs.

- Date: 2019-10-26 · published 2019-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56661-fund-spreading-reverses-overnight-gains-in-soybean-oil-market-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Fund spreading and EPA uncertainty pressured soyoil, but The Jacobsen expects the proposed biofuel rules to lift soyoil demand in 2020, so the net price impact is modest and mixed.

## Read by commodity

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

## Sources

- thejacobsen.com: https://thejacobsen.com/2019/10/26/fund-spreading-reverses-overnight-gains-in-soybean-oil-market/

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