# Exclusive: India makes record U.S. soyoil purchases as drought parches South America

> India made record purchases of US soyoil as drought hit South America. US soyoil prices have climbed nearly 20% this year to near decade highs.

- Date: 2022-02-18 · published 2022-02-18T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/8758-exclusive-india-makes-record-u-s-soyoil-purchases-as-drought-parches-south
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong Indian import demand for US soyoil supports US soyoil prices and adds to food inflation concerns in importing countries.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-02-21 | 1 | +3.8% | 3.8 | Record Indian purchases of US soyoil on 2022-02-18 signaled strong export demand and South American supply shortfalls, supporting prices going into the 02-21 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +1.9% | +15.6% |
| SBO | 2026-09-01 | [EXCLUSIVE: India set for record soyoil imports as Russia-Ukraine war disrupts sunflower shipments](https://feedsoft.ai/events/17985-exclusive-india-set-for-record-soyoil-imports-as-russia-ukraine-war-disrupts.md) | -4.0% | -7.3% |
| SBO | 2025-02-20 | [Exclusive: Indian refiners cancel palm oil orders due to price surge](https://feedsoft.ai/events/26145-exclusive-indian-refiners-cancel-palm-oil-orders-due-to-price-surge.md) | -0.2% | -5.0% |
| SBO | 2020-05-14 | [China Trade-Deal Splurge Includes Rare Purchase of U.S. Soyoil](https://feedsoft.ai/events/53232-china-trade-deal-splurge-includes-rare-purchase-of-u-s-soyoil.md) | +6.7% | +7.3% |
| SBO | 2025-01-16 | [Exclusive: India's palm oil imports to hit 5-year low in Jan on negative margins, sources say](https://feedsoft.ai/events/26605-exclusive-india-s-palm-oil-imports-to-hit-5-year-low-in-jan-on-negative-margins.md) | -0.5% | +2.2% |
| SOY | 2023-11-07 | [EXCLUSIVE: China makes largest US soy purchases in months -traders \| Reuters](https://feedsoft.ai/events/14795-exclusive-china-makes-largest-us-soy-purchases-in-months-traders-reuters.md) | +2.1% | -2.6% |
| SOY | 2019-01-01 | [Exclusive: China makes first big U.S. soybean purchase since Trump-Xi truce By Reuters](https://feedsoft.ai/events/61592-exclusive-china-makes-first-big-u-s-soybean-purchase-since-trump-xi-truce-by.md) | +2.7% | +4.4% |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/exclusive-india-makes-record-us-soyoil-purchases-drought-parches-south-america-2022-02-18/

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