# Soyoil Traded Sharply Higher - ADM Investor Services

> Soybean oil traded sharply higher on stronger palm oil demand and prices, talk of lower U.S. soybean crush, and tight global vegetable oil supplies. Talk that the U.S. may use soyoil for jet fuel also supported the market. Soymeal weakened on concern about lower Chinese demand and slower U.S. exports as Argentina's crop advances.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8502-soyoil-traded-sharply-higher-adm-investor-services
- 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

Lower crush expectations tighten soybean oil supply while soymeal faces weaker export demand, a split that supports oil prices and pressures meal values for feed buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-22 | 1 | +5.2% | 3.8 | Reports soybean oil trading sharply higher on strong palm demand, tight global vegetable oil supplies, lower crush talk and possible jet fuel use, directly describing demand and supply drivers of the surge. |

## Sources

- admis.com: https://www.admis.com/soyoil-traded-sharply-higher/

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