The edible oil market is currently experiencing some profit booking, yet the broader trend continues to remain positive, particularly for palm oil and soybean oil. Following the strong gains seen in the previous session, the CBOT May contract opened 0.54% lower, while KLC declined by 0.32%. Market participants view this dip as a temporary correction rather than a sign of weakening momentum. At present, CBOT soybean and soybean oil futures are trading in a narrow range, as traders await the USDA’s upcoming planting and stock report. Meanwhile, crude oil prices holding above $100 per barrel are offering firm support to soybean oil. Elevated crude prices enhance the viability of biodiesel, thereby increasing demand for soybean oil. Support is also coming from biofuel policies in the United States and other countries, which continue to drive consumption of soybean oil and prevent significant downside pressure. In the palm oil segment, Bursa Malaysia (KLC) has recorded a strong rally over the past month, with prices reaching their highest level in 15 months. This upward movement has also influenced domestic markets, where palm oil prices have risen by approximately ₹5 per kilogram. A major factor behind the strength in palm oil is Indonesia’s aggressive B50 biodiesel program, which is significantly boosting demand. At the same time, global supply conditions remain tight due to shipment delays and low inventory levels. Geopolitical tensions in the Middle East, particularly between Iran and the United States, continue to create uncertainty. However, these developments are also keeping crude oil prices elevated, indirectly supporting the edible oil market. From a trading perspective, signals related to demand, planting outlook, and geopolitical developments remain mixed, suggesting the possibility of short-term volatility. Despite this, overall market sentiment remains constructive. In terms of outlook, palm oil prices are expected to gain an additional ₹4–6 per kilogram over the next 15 days, with a potential rise of ₹7–10 per kilogram over a longer period. Soybean oil is also likely to stay firm, supported by strong crude oil prices and sustained biodiesel demand. Currently, soybean oil is priced at ₹1535 per 10 kg at Kandla and ₹1560 per 10 kg in Mumbai. Overall, while short-term consolidation or minor declines cannot be ruled out, the prevailing uptrend in both palm oil and soybean oil is expected to continue as long as Middle East tensions persist, crude oil remains above $100 per barrel, and global supply stays constrained. A sudden easing of geopolitical tensions could trigger a downside correction, though such a scenario appears unlikely at present.