# Grain market review: Oilseeds | 2020-10-26  | World Grain

> Oilseed prices rose on reduced US soybean production expectations and strong Chinese import demand. The FAO reported world vegetable oil prices in August were 5.9% higher than in July, led by palm oil, and US biodiesel demand supported soybean oil.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7135-grain-market-review-oilseeds-2020-10-26-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tighter soybean and vegetable oil supply, along with biodiesel demand, supports higher soybean meal and oil prices, raising feed ingredient costs.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-26 | [Grain market week in review - May 25, 2018](https://feedsoft.ai/events/12669-grain-market-week-in-review-may-25-2018.md) | -3.8% | -16.0% |
| SOY | 2021-02-01 | [Morning Market Review for Feb. 1, 2021 - Northwest Grain Growers](https://feedsoft.ai/events/5826-morning-market-review-for-feb-1-2021-northwest-grain-growers.md) | -0.2% | +1.6% |
| SOY | 2020-07-17 | [Daily Market Wire 17 July 2020 - Grain Central](https://feedsoft.ai/events/6208-daily-market-wire-17-july-2020-grain-central.md) | +1.4% | +1.5% |
| SOY | 2020-03-23 | [China purchases US grain \| 2020-03-23  \| World Grain](https://feedsoft.ai/events/54006-china-purchases-us-grain-2020-03-23-world-grain.md) | +2.2% | -4.2% |
| SOY | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +5.4% | +2.6% |
| SBO | 2019-12-10 | [Grain market review: Oilseeds \| 2019-12-10  \| World Grain](https://feedsoft.ai/events/12378-grain-market-review-oilseeds-2019-12-10-world-grain.md) | +5.7% | +9.3% |
| SBO | 2018-09-19 | [Grain Market Review: Oilseeds \| 2018-09-19  \| World Grain](https://feedsoft.ai/events/63011-grain-market-review-oilseeds-2018-09-19-world-grain.md) | +4.6% | +9.4% |
| SBO | 2017-05-12 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71123-grains-and-oilseeds-news-in-brief.md) | +0.5% | +0.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/14397-grain-market-review-oilseeds

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