# Soybean Oil Futures Reach Lowest Price Since 2015 On Trade Tensions | Naija247news

> Chicago front-month soybean oil futures settled at 28.85 cents/lb on June 19, the lowest since November 2015, after China announced tariffs on US soybeans. The article notes soy products have fallen sharply as US-China trade rhetoric escalated.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64600-soybean-oil-futures-reach-lowest-price-since-2015-on-trade-tensions-naija247news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soyoil prices weaken the value of US crush and pressure soybean oil-linked feedstocks, while reduced Chinese demand for US soybeans pressures the broader soy complex.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2018-06-18 | 1 | -2.4% | -3.3 | China's tariff announcement on US soybeans and escalating US-China trade rhetoric pushed soy products to multi-year lows; the dated June 19 settlement falls after the June 18 move, but the tariff news likely began weighing on soyoil on June 18, so it is plausible but not certain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-06-25 | [Soybeans, corn down on trade tensions, weather - Brownfield Ag News](https://feedsoft.ai/events/8583-soybeans-corn-down-on-trade-tensions-weather-brownfield-ag-news.md) | -0.3% | -4.2% |
| SBO | 2019-05-06 | [Malaysian palm oil price falls for 7th day on fresh Sino-US trade tension \| The Star](https://feedsoft.ai/events/6729-malaysian-palm-oil-price-falls-for-7th-day-on-fresh-sino-us-trade-tension-the.md) | -2.1% | +1.0% |
| SBO | 2025-03-04 | [CBOT soybeans tumble on escalating trade tensions](https://feedsoft.ai/events/11137-cbot-soybeans-tumble-on-escalating-trade-tensions.md) | -1.2% | +5.5% |
| SBO | 2026-03-01 | [India traders 'washout' soybean oil shipments to lock in price rally gains](https://feedsoft.ai/events/20703-india-traders-washout-soybean-oil-shipments-to-lock-in-price-rally-gains.md) | +4.6% | -1.4% |
| SBO | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -4.6% | -4.7% |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2018-06-25 | [Soybeans, corn down on trade tensions, weather - Brownfield Ag News](https://feedsoft.ai/events/8583-soybeans-corn-down-on-trade-tensions-weather-brownfield-ag-news.md) | -4.0% | -5.2% |
| SOY | 2019-05-09 | [U.S. grains: Soy futures break 10-year low on China trade tensions - Manitoba Co-operator](https://feedsoft.ai/events/59134-u-s-grains-soy-futures-break-10-year-low-on-china-trade-tensions-manitoba-co.md) | +2.6% | +6.7% |

## Sources

- naija247news.com: https://naija247news.com/soybean-oil-futures-reach-lowest-price-since-2015-on-trade-tensions/

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