# Vegetable oil markets hold secret to crude oil values

> A CME expert argues that vegetable oil markets, particularly palm oil and soyoil, may be influencing crude oil values more than crude oil influences them. The commentary contains no new supply or demand event.

- Date: 2017-05-23 · published 2017-05-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71092-vegetable-oil-markets-hold-secret-to-crude-oil-values
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The view suggests vegetable oil price moves can signal energy-linked demand, but it does not change current supply or demand fundamentals for feed.

## Read by commodity

- SBO: neutral
- WTI: neutral
- PALMOIL: neutral

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/press-review-vegetable-oil-markets-hold-secret-crude-oil-values-says-cme-expert-2017

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