# US soyoil commands record premium to South America; regional spreads narrow amid CME sell-off - Fastmarkets

> 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.

- Date: 2026-06-11 · published 2026-06-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/18891-us-soyoil-commands-record-premium-to-south-america-regional-spreads-narrow-amid
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-soyoil-commands-record-premium-to-south-america-regional-spreads-narrow-amid-cme-sell-off/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.