Chicago Board of Trade soybean oil futures were more volatile in June than any
month so far in 2021, contributing to a sharp decline in trading activity in
South American FOB basis markets.
South American soybean oil prices have completed a month of intense volatility
following Russia s invasion of Ukraine, with cash values in Argentina and Brazil
surging to historical highs earlier in M
Soybean oil prices in South America surged to historical highs, above the
$1,900/mt mark for the first time amid tight supply of edible oils, while market
participants expect further increases.
Soybean oil prices in South America have lost nearly 9% since the April 28
record high, as sluggish demand from destinations and increasing supplies from
Argentina and Brazil impacted market sentiment
South American FOB soybean oil outright prices have fallen by nearly 30% from
all time highs reached in late April, back to pre Russia Ukraine war levels, as
demand has been weak while the global vege
Biodiesel mandate supports firm domestic demand Brazil’s Feb soybean oil exports at low end of historical range Soybean oil spot port differentials in the Brazilian export market have notched a 20 mon