# Week 2: Overview of the world veg-oil market | Greenea

> Argentina's Agriculture Ministry cut its 2017 soybean forecast by 2.8 million tons to 56 million, while the Rosario exchange sees 52.5 million due to dry weather. USDA trimmed world soybean output slightly to 337.85 million tons, still a record, and Malaysian palm output is expected to recover.

- Date: 2017-01-13 · published 2017-01-13T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A smaller Argentine crop tightens soybean and meal supplies while a recovering palm output caps vegetable oil prices, mixing supportive and bearish signals for feed protein.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-05 | [World markets are on the move](https://feedsoft.ai/events/66566-world-markets-are-on-the-move.md) | +0.4% | +9.0% |
| SOY | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +6.8% | +9.9% |
| SOY | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.4% | +0.6% |
| SOY | 2022-02-17 | [Why is the price of vegetable oil surging? - Marketplace](https://feedsoft.ai/events/8759-why-is-the-price-of-vegetable-oil-surging-marketplace.md) | +4.7% | +5.1% |
| SOY | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +4.4% | +3.5% |
| SBM | 2018-02-05 | [World markets are on the move](https://feedsoft.ai/events/66566-world-markets-are-on-the-move.md) | +3.7% | +17.5% |
| SBM | 2021-12-31 | [Oilseeds at the turn of the year 2021-22 market report](https://feedsoft.ai/events/43685-oilseeds-at-the-turn-of-the-year-2021-22-market-report.md) | +3.9% | +0.4% |
| SBM | 2023-10-31 | [Ag Market View for Oct 31.23 - ADM Investor Services](https://feedsoft.ai/events/33644-ag-market-view-for-oct-31-23-adm-investor-services.md) | +2.8% | +5.9% |

## Sources

- greenea.com: http://www.greenea.com/publication/week-2-overview-of-the-world-veg-oil-market/

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