The veg oil complex is holding mainly on soybean oil strength. Palm oil and soymeal remain under pressure, while soybeans and soyoil provide key support. Overall sentiment remains nervous, with limited upside but no sharp downside for oils.

Thank you to everyone who was with us this year, with all of ts ups and downs. Wishing you a Happy New Year ahead! 🥂

Veg oil markets remain firm despite typical December–January seasonal weakness, driven by constrained physical supply. SFO continues to be supported by tight Black Sea availability, higher logistics and insurance costs, and limited exports from Ukraine and Russia. With low stocks in Egypt, weaker buying power in India, and expected delays in production, logistics, and banking, downside potential appears limited, keeping prices elevated and volatile.