Veg oils prices surge as CPO futures and soyoil rally

Fastmarkets04-01

Key takeaways: Acknowledge the surge in CPO futures to a 15-month high driven by optimism over Indonesia’s B50 biodiesel mandate and favorable price spreads. Note the strong rally in US CME soyoil ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVeg oils prices surge as CPO futures and soyoil rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-01 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/veg-oils-prices-surge-as-cpo-futures-and-soyoil-rally/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key takeaways:\n\nAcknowledge the surge in CPO futures to a 15-month high driven by optimism over Indonesia’s B50 biodiesel mandate and favorable price spreads.\nNote the strong rally in US CME soyoil ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/veg-oils-prices-surge-as-cpo-futures-and-soyoil-rally/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XOP","symbol_name":"油气开采指数ETF-SPDR S&P","start_time":0,"source_url":"https://www.fastmarkets.com/insights/veg-oils-prices-surge-as-cpo-futures-and-soyoil-rally/","article_id":"2624511497","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/veg-oils-prices-surge-as-cpo-futures-and-soyoil-rally/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624511497","pubTimestamp":1775016000,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"Vegoils futures traded largely higher on Monday March 30. Crude palm oil (CPO) surged, supported by a combination of bullish external cues and solid fundamentals. Meanwhile, soyoil futures climbed on the Chicago Mercantile Exchange mainly supported by stronger energy prices and by a bullish sentiment on new US renewable fuels targets announced on Friday March 27.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOP":"油气开采指数ETF-SPDR S&P","UCO":"二倍做多彭博原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","ASO":"Academy Sports & Outdoors, Inc.","OIH":"石油服务ETF","MJJ":"Bank of Montreal MicroSectors Cannabis","BK4588":"碎股","RSO":"Resource Capital","USO":"美国原油ETF","BK4561":"索罗斯持仓","OILT":"Texas Oil Index ETF","DBO":"原油ETF-PowerShares","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","BK4570":"地缘局势概念股","BK4200":"专卖店","VDE":"Vanguard Energy ETF","BK4585":"ETF&股票定投概念","XLE":"SPDR能源指数ETF","SCO":"二倍做空彭博原油指数ETF","AMJ":"JPMorgan Alerian MLP ETN"},"translate_title":"随着毛棕榈油期货和豆油上涨，植物油价格飙升","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/a52726b82fd50992279ef7384e02e749","symbols_score_info":{"OIH":0.9,"XLE":0.9,"MJJ":1,"OILT":0.9,"AMJ":1,"DUG":0.9,"RSO":1,"SCO":0.6,"OILU":0.9,"ASO":1,"XOP":0.9,"DBO":0.9,"UCO":0.6,"USO":0.9,"VDE":0.9},"content_text":"Key takeaways:\n\nAcknowledge the surge in CPO futures to a 15-month high driven by optimism over Indonesia’s B50 biodiesel mandate and favorable price spreads.\nNote the strong rally in US CME soyoil futures fueled by rising crude oil prices from Middle East tensions and new EPA renewable fuel targets.\nObserve the price increases in European rapeseed and sunflower oil markets supported by strength in the broader energy complex and robust global demand.\n\nCPO futures climb as veg oils prices track biodiesel hopes\nThe most-active CPO June contract climbed to a fresh 15‑month high of 4,790 ringgit ($1,189) per tonne before settling at 4,772 ringgit, up 3.04% on the day. All contract months closed 120–140 ringgit higher compared with Friday’s close.\nGains accelerated in the latter half of the session after renewed optimism surrounding Indonesia’s biodiesel program. Comments from Indonesia’s president indicating that the B50 mandate will be implemented this year provided a strong boost to sentiment. The policy, which would raise the blending rate from the current B40, had previously faced delays due to an unfavorable palm oil–to–gasoil (POGO) spread.\nHowever, a sharp rally in gasoil prices since March 20 has significantly narrowed – and at times reversed – the spread, with palm oil trading at a $100–200 per tonne discount to gasoil. This shift has restored the economic viability of higher biodiesel blending rates and reinforced bullish demand expectations.\nCurrency shifts and robust demand impact global veg oils prices\nExternal markets remained supportive. Strength in crude oil prices, underpinned by ongoing geopolitical tensions in the Middle East, continued to lift the broader energy complex and, in turn, vegetable oils.\nIn China, palm olein futures on the Dalian Commodity Exchange (DCE) rose by more than 2% across the three most active contracts, while soybean oil posted modest gains. Rapeseed oil futures on the Zhengzhou Commodity Exchange (ZCE) were largely unchanged.\nCurrency movements added further support. The Malaysian ringgit weakened for a sixth consecutive session, falling 0.46% on the day and extending its cumulative decline to 2.91% over the past six sessions. Over the same period, the active CPO contract has gained 240 ringgit (5.30%), improving Malaysia’s export competitiveness.\nFundamentally, export demand remained robust. Malaysia’s March shipments were estimated to be 40–45% higher month on month, driven in part by forward buying amid expectations of logistical disruptions. However, market participants flagged potential congestion and unloading delays at Middle Eastern ports, which could affect near-term delivery schedules.\nPhysical market prices firm alongside futures\nIn the physical market, prices firmed alongside futures. On a CFR west coast India (WCI) basis, April CPO was offered at $1,285 per tonne against indicative at $1,255–1,260 per tonne, while May shipment was indicated around $1,300 per tonne CFR WCI and June offers were heard at $1,305 per tonne CFR WCI.\nOn an FOB Indonesia basis, April CPO was offered at $1,245 per tonne versus bids around $1,220 per tonne. Indonesian olein for April shipment on FOB Indonesia basis was offered at $1,195 per tonne against bids near $1,175 per tonne, while offers for May were around $1,210 per tonne FOB Indonesia.\nOffers on a CFR WCI basis for soybean oil ranged $1,375-1,380 per tonne for April.May shipment offers were heard at $1,340 per tonne and $1,345 per tonne, while June-July offers were indicated at $1,310-1,320 per tonne. May-June-July (MJJ) offers were also reported as high as $1,350 per tonne, without any bids or trades reported out in the open.For August-September timing, offers stood at $1,305-1,310 per tonne.\nFor sunflower oil (SFO), offers for Black Sea-origin product ranged $1,435-1,450 per tonne for April and May, while Argentina-origin material remained heard offered at $1,415 per tonne. \nCME soyoil rallies amid geopolitical tension and new EPA targets\nIn the Americas, CME soyoil futures rallied on Monday, mainly supported by a sharp rise in crude oil prices driven by the war in the Middle East and by an ongoing bullish sentiment brought by the new US renewable fuel obligations announced on Friday.\nThe most-active May CME soybean oil contract went up by 1.75% day on day to 68.59 cents per lb at 1pm US Eastern time.\nSoyoil futures were lifted by continued surging energy prices linked to the US-Israeli and Iranian war, as crude oil prices remained going upwards on Monday, approaching a record monthly rally of nearly 50% in March.\nHopes of a deal to end the war were overshadowed by fresh threats made by US President Donald Trump against Iran. Trump said the US could attack Iran’s energy facilities if no agreement is achieved soon and the Strait of Ormuz is not reopened.\nMarket participants reacted on Monday with a bullish sentiment to the new US renewable fuels blending targets announced on Friday.\nEPA updates renewable volume obligation targets\nThe US Environmental Protection Agency (EPA) said the Renewable Volume Obligation (RVO) for biomass based diesel was set at 8.86 billion Renewable Identification Numbers (RINs) for 2026 and 8.95 billion RINs for 2027, up from the proposed 7.12 billion and 7.50 billion RINs respectively.\nUsing a commonly cited assumption that compliance reflects a roughly 70% renewable diesel and 30% biodiesel mix, market participants told Fastmarkets the average 2026 BBD RIN equivalency works out to approximately 1.64 RINs per gallon. On that basis, the 8.86 billion-RIN BBD mandate would imply roughly 5.4 billion gallons of BBD production.\nThe EPA also said it’s finalizing a 70% reallocation of the 2023-2025 Renewable Volume Obligations (RVO) for 2026 and 2027 as part of the small refineries exemptions (SREs) program. Factoring in SREs and the backfilling of D5 and D6 categories (advanced biofuel mandate and ethanol mandate) total 2026 demand for BBD could be 6.34 billion gallons/10.4 billion RINs.\nMeanwhile, a measure which reduces in 50% the credits generated by Renewable Identification Numbers (RINs) for all imports of foreign renewable fuels and its feedstocks was postponed to 2028.\nCME soymeal futures were mixed on Monday, with shorter-term contracts trading with mild gains with a support from higher soybean futures, while product spreading with soyoil and lower corn prices limited the positive pressure.\nThe CME May soymeal contract went up by 0.16% day on day to $315.8 per short ton at 1pm US Eastern time.\nSouth American physical market sees falling short-term loading bases\nIn the physical market in South America, soyoil bases for short-term loading fell on Monday. The May basis in Brazil was assessed at discounts of 13.9 cents per lb in Argentina and 13.5 cents per lb in Brazil, both to May futures.\nOn the soymeal front, the May soymeal basis in Brazil fell $1 per short ton compared with the previous assessment, at a discount of $6 per short ton to May futures.\nIn Argentina, the corresponding soymeal basis declined $0.5 per short ton from the previous price, assessed at a discount of $2 per short ton to the same futures contract.\nEuropean markets strengthen as veg oils prices rise along curves\nAs of 6:02pm Central European Time, Euronext May rapeseed futures were trading at €506.75 ($581) per tone, up by €6.50 per tonne from the last market close. \nFOB Rotterdam rapeseed oil (RSO) prices rose along the curve on Monday, supported by strength in related vegetable oil markets. Underpinning crude oil prices were also higher at the time of writing, adding additional support. \nOffers for April were heard at €1,130 per tonne, with bids at €1,105-1,110 per tonne, compared with offers at €1,135 per tonne and bids around €1,099 per tonne on Friday.\nFor the May-June-July (MJJ) strip, offers were heard at €1,120 per tonne, with buy-side interest at €1,100 per tonne, compared with offers at €1,115 per tonne and bids around €1,097 per tonne on Friday. \nDown the curve, August-September-October (ASO) offers were indicated at €1,105 per tonne, with bids at €1,090-1,092 per tonne, compared with offers at €1,097 per tonne and bids at €1,080 per tonne on Friday. \nPrices for FOB sunflower oil (SFO) across six EU ports also increased along the curve on Monday, supported by higher prices in the wider soft oils complex as well as by firmer buyer and seller ideas. \nFor the April-May-June (AMJ) window, offers were reported at $1,465-1,480 per tonne, with bids at $1,442.5 per tonne, compared with offers at $1,460 per tonne and bids at $1,437.5 per tonne on Friday.\nAs for July-August-September (JAS), offers also stood at $1,465-1,480 per tonne, with buy-side ideas as $1,442.5 per tonne. This compared with offers at $1,460 per tonne and bids at $1,437.5 per tonne on Friday.\nSunflower oil market holds steady on CIF Mersin basis\nOn a CIF Mersin basis, the sunflower oil market saw little change, with Ukraine-origin offers heard around $1,410 per tonne and Russia-origin material at $1,395–1,400 per tonne for April shipment. Buyer participation was limited, with indicative ideas around $1,390 per tonne. Two trades were also reported on Friday around $1,391–1,392 per tonne CIF Mersin.\nSunflower sowing has begun in Ukraine, with around 1,200 hectares planted so far, or approximately 0.02% of the projected 5.0 million hectares for 2026. Planting has been reported in parts of western Ukraine. The total sunflower area is expected at 5.0 million hectares, down by 104,000 hectares (about 2%) from 5.104 million hectares sown in 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624511497","isCrawlerRequest":true}