🌱 Soybean Oil Weekly Roundup by Southwind 🌱
🗓️ Week ending: September 12, 2025
📊 Price & Chart
Daily: Soft close with momentum lagging as price hovers below key moving averages on the rebound, keeping near-term tone steady but unconfirmed for trend expansion.
Weekly: A strong rounded-bottom base has been forming since 2024; if confirmed above the neckline, historical pattern behavior supports further upside follow-through.
🟢 Key Technicals
Support: 51.13–49.79 (retracement zone and high-volume area acting as the pivotal demand cluster).
Resistance: 57.17 level (major weekly barrier); a decisive breakout and close above would confirm an advancing phase.
RSI: Neutral on both timeframes, not yet stretched to overbought, leaving room for extension if buyers press the advantage.
🌾 Soybean Factor
Soybeans remain in a constructive setup, and the crush linkage typically transmits strength from soybeans into soybean oil pricing via processing margins and product correlations.
🧭 Fundamentals
U.S. soybean oil use for biofuel is held at 15.5B lbs for 2025/26, reflecting policy support and explicitly reducing exports, which tightens global supply and is price‑positive when demand persists.
Industry and media coverage echo USDA’s view that biofuel makers could consume over half of U.S. soyoil next year, implying materially lower exports and firmer global pricing baselines.
India’s import mix flexes with relative prices—recently favoring soyoil when cheaper versus palm—but flows can pivot back to palm as spreads shift, shaping the global veg‑oil balance near term.
MPOC expects China and India demand to rise when palm is “reasonably priced,” making the palm–soyoil relationship a key transmission channel for price support across oils.
Technicals 🧭
💼 Flows & Traders
Positioning and flows remain measured, but cross-complex momentum can build if soybeans lead and spreads favor product-led rotation into soybean oil and palm on relative value.
🚦 Triggers
🟢 Bull signal: Break and weekly close above 57.17 with participation, ideally accompanied by continued soybean strength and supportive crush margins.
🟡 Range/neutral: Bounces from 51.13–49.79 keep rotation intact; expect choppy trade unless a soybean-led impulse accelerates.
🔴 Bear risk: A clean loss of 49.79 opens a deeper base test toward lower weekly supports before any renewed attempt to resolve higher.
#Soybean Oil #ZL1! #ZL
🗓️ Week ending: September 12, 2025
📊 Price & Chart
Daily: Soft close with momentum lagging as price hovers below key moving averages on the rebound, keeping near-term tone steady but unconfirmed for trend expansion.
Weekly: A strong rounded-bottom base has been forming since 2024; if confirmed above the neckline, historical pattern behavior supports further upside follow-through.
🟢 Key Technicals
Support: 51.13–49.79 (retracement zone and high-volume area acting as the pivotal demand cluster).
Resistance: 57.17 level (major weekly barrier); a decisive breakout and close above would confirm an advancing phase.
RSI: Neutral on both timeframes, not yet stretched to overbought, leaving room for extension if buyers press the advantage.
🌾 Soybean Factor
Soybeans remain in a constructive setup, and the crush linkage typically transmits strength from soybeans into soybean oil pricing via processing margins and product correlations.
🧭 Fundamentals
U.S. soybean oil use for biofuel is held at 15.5B lbs for 2025/26, reflecting policy support and explicitly reducing exports, which tightens global supply and is price‑positive when demand persists.
Industry and media coverage echo USDA’s view that biofuel makers could consume over half of U.S. soyoil next year, implying materially lower exports and firmer global pricing baselines.
India’s import mix flexes with relative prices—recently favoring soyoil when cheaper versus palm—but flows can pivot back to palm as spreads shift, shaping the global veg‑oil balance near term.
MPOC expects China and India demand to rise when palm is “reasonably priced,” making the palm–soyoil relationship a key transmission channel for price support across oils.
Technicals 🧭
💼 Flows & Traders
Positioning and flows remain measured, but cross-complex momentum can build if soybeans lead and spreads favor product-led rotation into soybean oil and palm on relative value.
🚦 Triggers
🟢 Bull signal: Break and weekly close above 57.17 with participation, ideally accompanied by continued soybean strength and supportive crush margins.
🟡 Range/neutral: Bounces from 51.13–49.79 keep rotation intact; expect choppy trade unless a soybean-led impulse accelerates.
🔴 Bear risk: A clean loss of 49.79 opens a deeper base test toward lower weekly supports before any renewed attempt to resolve higher.
#Soybean Oil #ZL1! #ZL
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.