# U.S. grains: Soybeans down with vegetable oil prices - AgCanada

> U.S. soybean futures fell on June 16, 2021, to their lowest level since April 20, pressured by a retreat in global vegetable oil prices. CBOT soyoil fell its daily limit after hitting an all-time high the prior week, and palm oil and rapeseed also declined. Corn and wheat ended mixed, with traders citing EPA consideration of relief from biofuel mandates.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower vegetable oil prices reduce the value of crushing margins and soybean demand for oil. Uncertainty over biofuel mandates adds risk to soyoil demand and keeps prices under pressure.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | 1 | -8.2% | -7.1 | On June 16 soybeans fell to their lowest since April 20 as soyoil dropped its daily limit on EPA biofuel-mandate relief talk and global vegetable oil prices retreated, directly matching the move date. |
| SBO | 2021-06-16 | 5 | -11.4% | -4.5 | Soyoil fell its daily limit on June 16 amid EPA mandate relief talk and a retreat in global vegetable oil prices, directly adding to the 5-day loss. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -4.9% | +0.1% |
| SOY | 2024-11-12 | [U.S. grains: Soybeans plunge with Trump EPA pick; wheat and corn also fall - AgCanada](https://feedsoft.ai/events/12340-u-s-grains-soybeans-plunge-with-trump-epa-pick-wheat-and-corn-also-fall-agcanada.md) | -0.2% | -1.7% |
| SOY | 2025-06-18 | [Sharp rise in soybean oil and crude oil quotes in Chicago supported vegetable oil prices](https://feedsoft.ai/events/5345-sharp-rise-in-soybean-oil-and-crude-oil-quotes-in-chicago-supported-vegetable.md) | -4.5% | -4.9% |
| SOY | 2022-12-02 | [U.S. grains: Soy snaps win streak on disappointing biofuel mandates - AgCanada](https://feedsoft.ai/events/38340-u-s-grains-soy-snaps-win-streak-on-disappointing-biofuel-mandates-agcanada.md) | +4.0% | +6.3% |
| SOY | 2021-06-12 | [U.S. grains: Corn, soy drop; soyoil limit-down - Grainews](https://feedsoft.ai/events/6438-u-s-grains-corn-soy-drop-soyoil-limit-down-grainews.md) | -7.5% | -5.0% |
| SBO | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -6.8% | -2.7% |
| SBO | 2017-12-08 | [Palm oil beat down vegetable oil prices  : The Daily Digest](https://feedsoft.ai/events/12715-palm-oil-beat-down-vegetable-oil-prices-the-daily-digest.md) | -0.7% | +0.5% |
| SBO | 2024-11-12 | [U.S. grains: Soybeans plunge with Trump EPA pick; wheat and corn also fall - AgCanada](https://feedsoft.ai/events/12340-u-s-grains-soybeans-plunge-with-trump-epa-pick-wheat-and-corn-also-fall-agcanada.md) | -4.4% | -9.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-down-with-vegetable-oil-prices

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