# Soybeans hit 2-month low as vegetable oil prices tumble | Financial Post

> U.S. soybean futures fell on June 16, 2021, to their lowest level in nearly two months, as global vegetable oil prices retreated from multi-year highs. CBOT soyoil dropped its 3.5-cent limit after an all-time high the prior week, and Euronext rapeseed and Malaysian palm oil also fell. The EPA's consideration of relief from biofuel blending mandates added to the selloff.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post
- 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

Falling vegetable oil prices and reduced biofuel demand expectations lower soybean crush value and pressure soybean prices. Fund long positions unwinding adds further downside risk.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-06-16 | 5 | -11.4% | -4.5 | Soyoil limit-down on June 16 as EPA relief consideration and falling palm and rapeseed prices pressured vegetable oils. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -4.9% | +0.1% |
| 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 | 2024-12-19 | [Edible oil prices tumble on US ethanol plan and record soybean supplies](https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies.md) | +3.8% | +8.6% |
| SOY | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | -1.4% | — |
| SOY | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.4% | -2.3% |
| SBO | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -6.8% | -2.7% |
| SBO | 2023-03-24 | [Soybean Oil Prices in South America Hit Two-Year Low](https://feedsoft.ai/events/36961-soybean-oil-prices-in-south-america-hit-two-year-low.md) | -0.6% | -2.6% |
| 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% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble

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