# Grain Spreads: Bullish Inputs - Walsh Trading

> 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.

- Date: 2026-11-13 · published 2026-11-14T09:06:43.601Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/99232-grain-spreads-bullish-inputs-walsh-trading
- 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

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-02-24 | [Factbox: Russia’s Ukraine invasion seen disrupting vegetable oil, grain trade flows](https://feedsoft.ai/events/14511-factbox-russia-s-ukraine-invasion-seen-disrupting-vegetable-oil-grain-trade.md) | +5.0% | +0.9% |
| SBO | 2022-04-21 | [Biofuels industry tackles COVID-19, war challenges \| World Grain](https://feedsoft.ai/events/15406-biofuels-industry-tackles-covid-19-war-challenges-world-grain.md) | +2.2% | -3.6% |
| SBO | 2026-07-27 | [Black Sea grain trapped as Russia, Ukraine attacks continue \| World Grain](https://feedsoft.ai/events/14101-black-sea-grain-trapped-as-russia-ukraine-attacks-continue-world-grain.md) | -5.7% | -1.4% |
| SBO | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -2.3% | -5.7% |
| SBO | 2022-04-22 | [GRAIN BULLETIN: Vegetable oils fuel the price rally \| Stock Journal \| SA](https://feedsoft.ai/events/41949-grain-bulletin-vegetable-oils-fuel-the-price-rally-stock-journal-sa.md) | +3.2% | -4.4% |
| PALMOIL | 2022-02-24 | [Factbox: Russia’s Ukraine invasion seen disrupting vegetable oil, grain trade flows](https://feedsoft.ai/events/14511-factbox-russia-s-ukraine-invasion-seen-disrupting-vegetable-oil-grain-trade.md) | +13.5% | +11.1% |
| PALMOIL | 2022-10-31 | [U.N. Black Sea grain pact under threat as Russia quits \| Reuters](https://feedsoft.ai/events/14444-u-n-black-sea-grain-pact-under-threat-as-russia-quits-reuters.md) | +11.7% | +9.1% |
| PALMOIL | 2022-04-20 | [Grain market review: Oilseeds \| World Grain](https://feedsoft.ai/events/41951-grain-market-review-oilseeds-world-grain.md) | -1.5% | -2.9% |

## Sources

- walshtrading.com: https://walshtrading.com/grain-spreads-bullish-inputs/

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