Loading…
US soyoil basis in the Gulf hit a record premium to Argentina and Brazil on June 1, with the US-Argentina spread at 31.7 cents per lb. The spread narrowed later in the week amid a CME soyoil futures sell-off.
Higher US mandates and expected US import needs drove the US premium, while harvest pressure and weak Indian demand weighed on South American oil.
A wide US export premium reflects tight US supply relative to mandates, but the recent narrowing and futures sell-off signal some easing in the price pressure on US soyoil.
fastmarkets.comAmanda Luhavalja, Regina Koh, Leticia PakulskiJun 11, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
