# Week 50: Overview of the world veg-oil market | Greenea

> Soybean oil on CBOT fell 2.5% over the week on expectations of higher US production. India may export up to 2 million tons of soybeans after a strong harvest, versus 0.2 million last year. Palm oil traded flat near $780-785 per ton in Rotterdam, its highest since 2014, and Indonesian output is expected to recover in 2017.

- Date: 2016-12-16 · published 2016-12-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73576-week-50-overview-of-the-world-veg-oil-market-greenea
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded Indian soybean exports would intensify competition with palm oil in Asia and add pressure on soy oil prices. Palm prices are supported by a tighter Indonesian supply outlook.

## Read by commodity

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

## Sources

- greenea.com: http://www.greenea.com/en/publication/week-50-overview-of-the-world-veg-oil-market/

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