Fastmarkets’ soybean oil futures forecast

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Soybean futures on the Chicago Mercantile Exchange were lower on Friday June 5 due to uncertainties around Chinese commitment to buy of US goods and a perfect storm in external and derived markets.
Fastmarkets’ weekly recap of the main movements in global cash markets.
CPO futures extended losses on Friday June 5, erasing most of the week’s gains as weakness in related oils weighed on prices, while CME soyoil futures also declined, pressured by falling crude oil, legal challenges to rising US biofuel blending mandates and profit-taking.
A timely deep-dive into how Brazil's biodiesel mandate delays, the US EPA's new Renewable Volume Obligations, and Iran-driven crude oil volatility have combined to reshape South American soybean oil export flows, crush margins, and cash premiums in 2026.
CPO futures on the Bursa Malaysia Derivatives (BMD) rebounded on Friday May 15, supported by bargain covering activities, firmer crude oil prices and a weaker ringgit, although gains were capped by weaker export demand and softer rival vegetable oils. On the Chicago Mercantile Exchange (CME), soyoil futures traded lower on Friday, after data showed a decline in US soybean crush.
This followed a period of open consultation with no feedback received from the market between April 2 and April 30, 2026, and a final decision published on April 30, 2026. Both the open consultation and final decision notes can be found here and here. The following prices were affected: Barley/Wheat Corn Soybean Vegoils Meals For more information or […]