# Crude palm oil prices seen at $590/T CIF Rotterdam by year end - analyst McGill | Reuters

> Industry analyst Julian McGill of LMC International forecast crude palm oil at $590 per tonne CIF Rotterdam by year-end, supported by free-market biodiesel demand. He expects soybean oil to fall to $700 per tonne CIF Rotterdam by year-end, assuming crude oil at $80 a barrel. He cited the US-China trade war and biofuel waivers for cutting US biodiesel demand and soybean prices.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63123-crude-palm-oil-prices-seen-at-590-t-cif-rotterdam-by-year-end-analyst-mcgill
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel demand is the main support for palm oil, while soybean oil faces downward pressure from trade and waiver effects. The forecast implies a firmer palm oil outlook relative to soyoil, with prices tied to crude oil.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: neutral

## Sources

- reuters.com: https://www.reuters.com/article/business/crude-palm-oil-prices-seen-at-590t-cif-rotterdam-by-year-end-analyst-mcgill-idUSL4N1WB2NH/

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