In March, the prices of the main vegetable oils have been very volatile. During the first half of the month we observed significant increases that ended up correcting during the second half of the month, with the exception of soybean oil that has continued to rise strongly.
In the following graph we see the price evolution of the 4 main vegetable oils from April 2016 to the present. They are all at historically high values, although with some decreases from the maximums marked a few weeks ago;

The forecast for the current 2020/21 season points to a tighter supply/demand situation for the 4 main oils, with particular tightness in soybean oil as the US soybean stock/consumption ratio at the end of the current season could be the tightest in the last 30 years.
On the other hand, the appreciation of the dollar against the euro adds additional pressure to commodity markets.
The attached table shows the quotations of the main oils and other reference values and their variation in the month of March:

In order to better understand these and other points, we invite you to download and continue reading LIPSA’s market report below, where you will learn first-hand about the following points:
1. Evolution of reference markets
2. Dollar and petrol
3. Oil balance
4. Palm oil
5. Lauric oils
6. Soybean oil
7. Sunflower and high oleic sunflower oil
8. Rapeseed oils