# Is Crude Oil Taking Cue from Vegetable Oils?

> An analysis argues soybean oil prices have often led crude oil moves because vegetable oil markets are small and sensitive to shifts in crude. The key link is biofuel mandates in 64 countries, where refiners buy more or less vegetable oil depending on crude supply and demand.

- Date: 2018-11-21 · published 2018-11-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62129-is-crude-oil-taking-cue-from-vegetable-oils
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Biofuel-linked demand means crude price swings transmit to vegetable oil and soymeal-linked oilseed prices, so feed buyers should watch crude as a leading indicator.

## Read by commodity

- SBO: neutral
- WTI: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -4.4% | +3.8% |
| WTI | 2018-03-30 | [Exclusive: China taking first steps to pay for oil in yuan this year - sources](https://feedsoft.ai/events/66215-exclusive-china-taking-first-steps-to-pay-for-oil-in-yuan-this-year-sources.md) | -4.4% | +5.0% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |
| WTI | 2020-01-21 | [MYR: Probing the oil 'disconnect' - ANZ - Forex Crunch](https://feedsoft.ai/events/55346-myr-probing-the-oil-disconnect-anz-forex-crunch.md) | -9.3% | -11.0% |
| WTI | 2020-06-19 | [Over-Correcting a Low Crude Oil Price Environment \| Breakthrough \| Breakthrough](https://feedsoft.ai/events/52822-over-correcting-a-low-crude-oil-price-environment-breakthrough-breakthrough.md) | -0.3% | +4.5% |
| SBO | 2021-05-19 | [World oilseeds: Why the 2021 growing season is so critical - Fastmarkets](https://feedsoft.ai/events/46936-world-oilseeds-why-the-2021-growing-season-is-so-critical-fastmarkets.md) | -1.2% | -7.5% |
| SBO | 2019-07-01 | [China, Brazil and the Soybean Crush](https://feedsoft.ai/events/58655-china-brazil-and-the-soybean-crush.md) | -1.3% | +0.7% |
| SBO | 2026-03-06 | [Biofuels hit a crossroads as costs climb, policy lags \| Feed & Grain](https://feedsoft.ai/events/15045-biofuels-hit-a-crossroads-as-costs-climb-policy-lags-feed-and-grain.md) | -0.1% | -2.6% |

## Sources

- peterknightadvisor.com: https://peterknightadvisor.com/2018/11/20/is-crude-oil-taking-cue-from-vegetable-oils/

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