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Indian traders have cancelled about 75,000 mt of soybean oil cargoes from Brazil and Argentina, with washouts possibly reaching 100,000-120,000 mt. Buyers are taking profits after a sharp global rally, and domestic prices sit about $30/mt below landed import costs.
Cancelled purchases reduce near-term Indian import demand for South American soyoil, which weighs on export prices. The domestic price gap also signals weaker import pull.
spglobal.comAditya Kondalamahanty, Samyak PandeyMar 1, 2026After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
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.
