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Two large Ukrainian sunflower oil plants, including Kernel's, suspended operations after security risks, lifting soybean oil. Soybeans were also supported by reports that China encouraged the US to cut tariffs to allow more US agricultural purchases, and by estimates of higher Indonesian biofuel use in December under B50.
Loss of Black Sea sunflower oil may push India back to palm and soybean oil, while Indonesian biofuel demand and possible US-China tariff relief add support to vegetable oil and soybean prices.
walshtrading.comSean LuskNov 13, 2026After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
