# VEGOILS-Palm edges down tracking weaker overnight soyoil

> Malaysian palm oil futures fell about 0.2% on August 2, 2019, tracking weaker overnight Chicago soyoil. President Trump announced a 10% tariff on $300 billion of Chinese imports starting September 1 and threatened further increases. Global stocks fell, safe-haven assets rose, and US soybeans were set for their biggest weekly loss in three months.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/6472-vegoils-palm-edges-down-tracking-weaker-overnight-soyoil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

New US tariffs on Chinese goods hurt demand expectations for soy and vegetable oils, which pressures palm oil and soyoil prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-04-30 | [Vegoils: Palm falls to two-week low on weaker exports](https://feedsoft.ai/events/6614-vegoils-palm-falls-to-two-week-low-on-weaker-exports.md) | -4.5% | -1.8% |
| PALMOIL | 2021-07-22 | [Palm oil ends lower tracking weaker soy prices, declining export pace - Markets - Business Recorder](https://feedsoft.ai/events/46162-palm-oil-ends-lower-tracking-weaker-soy-prices-declining-export-pace-markets.md) | +1.4% | +6.9% |
| PALMOIL | 2021-05-18 | [Palm oil falls as traders weigh weakening demand](https://feedsoft.ai/events/47188-palm-oil-falls-as-traders-weigh-weakening-demand.md) | -2.5% | -12.8% |
| PALMOIL | 2021-06-14 | [Palm oil ends at over 4-month low on weaker soyoil, sliding demand - Markets - Business Recorder](https://feedsoft.ai/events/10806-palm-oil-ends-at-over-4-month-low-on-weaker-soyoil-sliding-demand-markets.md) | -3.6% | +0.1% |
| PALMOIL | 2025-03-07 | [US soyoil exports hit 15-year high as pricy palm shifts vegoil trade \| Reuters](https://feedsoft.ai/events/25669-us-soyoil-exports-hit-15-year-high-as-pricy-palm-shifts-vegoil-trade-reuters.md) | +0.7% | -0.8% |
| SBO | 2021-07-22 | [Palm oil ends lower tracking weaker soy prices, declining export pace - Markets - Business Recorder](https://feedsoft.ai/events/46162-palm-oil-ends-lower-tracking-weaker-soy-prices-declining-export-pace-markets.md) | +0.7% | -3.5% |
| SBO | 2021-06-14 | [Palm oil ends at over 4-month low on weaker soyoil, sliding demand - Markets - Business Recorder](https://feedsoft.ai/events/10806-palm-oil-ends-at-over-4-month-low-on-weaker-soyoil-sliding-demand-markets.md) | -10.4% | -11.7% |
| SBO | 2025-04-03 | [Palm opens lower on weaker rival oils, crude oil prices](https://feedsoft.ai/events/9626-palm-opens-lower-on-weaker-rival-oils-crude-oil-prices.md) | -1.4% | +4.9% |

## Sources

- yahoo.com: https://www.yahoo.com/news/vegoils-palm-edges-down-tracking-030359548.html

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