Soybean Oil’s High Price Over Palm Oil faces Risk from El Niño
The U.S. must maintain a high price for soybean oil over palm oil to prevent excessive exports as biofuel demand is set to soar. However, a strong El Niño threatens global palm oil production, which could cause its prices to rise and shrink the price gap, potentially leading to a domestic soybean oil shortage.
June 18, 2026