# Soyoil prices jump as US accuses Argentina, Indonesia

> Soybean oil futures rose about 3% after reports that the US would impose tariffs on roughly $1.5bn of biodiesel imports from Argentina and Indonesia, which the US accuses of dumping. Rabobank said the duties could lift soyoil prices further.

- Date: 2017-05-05 · published 2017-05-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/71089-soyoil-prices-jump-as-us-accuses-argentina-indonesia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Anti-dumping duties on South American and Indonesian biodiesel would divert demand toward US soyoil and could lift soyoil values, while raising palm oil and soymeal competition and pressure.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-02 | [India asks Indonesia to raise palm oil supply as prices spike - sources \| Reuters](https://feedsoft.ai/events/42376-india-asks-indonesia-to-raise-palm-oil-supply-as-prices-spike-sources-reuters.md) | +1.5% | -5.7% |
| SBO | 2024-07-02 | [Soy Oil Rallies on Prospect for Indonesia, China Trade Spat](https://feedsoft.ai/events/12747-soy-oil-rallies-on-prospect-for-indonesia-china-trade-spat.md) | +6.0% | +0.7% |
| SBO | 2024-07-01 | [Argentina Soybean Sales Stall in June as Currency Gap Widens](https://feedsoft.ai/events/13910-argentina-soybean-sales-stall-in-june-as-currency-gap-widens.md) | +10.1% | +2.7% |
| SBO | 2026-08-12 | [Argentina increases new-crop soybean crushing](https://feedsoft.ai/events/13781-argentina-increases-new-crop-soybean-crushing.md) | +0.8% | +1.4% |
| SBO | 2017-05-05 | [Soyoil prices could gain 20% from US duties on](https://feedsoft.ai/events/71091-soyoil-prices-could-gain-20-from-us-duties-on.md) | -0.2% | -4.1% |
| PALMOIL | 2025-09-24 | [Vegetable oil prices fall under pressure from increased supply from Argentina](https://feedsoft.ai/events/22946-vegetable-oil-prices-fall-under-pressure-from-increased-supply-from-argentina.md) | +0.2% | +1.5% |
| PALMOIL | 2017-05-05 | [Soyoil prices could gain 20% from US duties on](https://feedsoft.ai/events/71091-soyoil-prices-could-gain-20-from-us-duties-on.md) | +3.8% | -0.5% |
| PALMOIL | 2022-07-20 | [Indonesia’s palm oil exports set to soar 60% in price blow \| FMT](https://feedsoft.ai/events/40582-indonesia-s-palm-oil-exports-set-to-soar-60-in-price-blow-fmt.md) | -0.4% | +3.9% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/press-review-soyoil-prices-jump-us-accuses-argentina-indonesia-biofuel-dumping-2017-05

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