# Global oil supply plays on canola returns | NSW

> Rabobank notes that edible oil consumption has grown nearly 60 percent in ten years, with soybean and palm oil supplying most of it. It also says the soybean price outlook was revised lower on record US soybean acres of 89.5 million and strong Brazilian production.

- Date: 2017-07-04 · published 2017-07-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70064-global-oil-supply-plays-on-canola-returns-nsw
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Large US and Brazilian soybean supplies weigh on soybean meal and oil prices, while growing edible oil demand and biodiesel use support vegetable oil prices over time.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼
- PALMOIL: neutral

## Sources

- theland.com.au: https://www.theland.com.au/story/4772010/global-perspective-oil-supply-plays-on-canola-returns/

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