# Falling prices for oil proceeds

> Brent crude fell to about $58.54 before recovering to $60.3 per barrel, pressuring vegetable oil markets. Malaysian palm oil dropped 3.6% to its lowest in the period, while Chicago soybeans and soybean oil fell about 2.4% amid doubts over a US-China trade deal at the G20 summit. Trump reiterated threatened tariff increases on Chinese goods.

- Date: 2018-11-27 · published 2018-11-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62125-falling-prices-for-oil-proceeds
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower crude weakens biofuel demand for vegetable oils, and renewed tariff threats cut the outlook for US soybean exports to China, pressuring soy complex and feed meal prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- PALMOIL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/padinnya-tcin-na-olijni-trivae.html

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