# Brazilian crushers buy back soybean oil export positions to sell domestically - Fastmarkets

> Brazilian crushers and traders are buying back soybean oil export positions to sell physical product domestically, where prices are paying 2-5 cents per lb above export parity. Strong local biodiesel demand follows Brazil's raise of the blending mandate to B14 in March, with a bill proposing rises to 20% by 2030 now before the Senate.

- Date: 2024-04-09 · published 2024-04-09T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/30815-brazilian-crushers-buy-back-soybean-oil-export-positions-to-sell-domestically
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Domestic biodiesel pull diverts Brazilian soybean oil away from export markets, tightening global vegetable oil supply and supporting soybean oil prices while reducing export availability.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-11-27 | [New Brazil Biodiesel Mandate Will Consume More Soybeans Domestically](https://feedsoft.ai/events/61904-new-brazil-biodiesel-mandate-will-consume-more-soybeans-domestically.md) | +5.0% | +1.5% |
| SBO | 2026-10-29 | [Brazil’s soybean oil production could reach 13.5 mln tons, while exports decline](https://feedsoft.ai/events/1331-brazil-s-soybean-oil-production-could-reach-13-5-mln-tons-while-exports-decline.md) | -0.8% | — |
| SBO | 2018-02-26 | [Brazilian B10 mandate to boost soybean exports by 1.2 million tons  : The Daily Digest](https://feedsoft.ai/events/66592-brazilian-b10-mandate-to-boost-soybean-exports-by-1-2-million-tons-the-daily.md) | -0.9% | -2.9% |
| SBO | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -1.0% | -3.0% |
| SBO | 2022-02-10 | [Indonesia expands domestic market obligations to cover all palm oil exports 10.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/42801-indonesia-expands-domestic-market-obligations-to-cover-all-palm-oil-exports-10.md) | +0.3% | +12.8% |
| SOY | 2025-08-11 | [eFeedLink - Tax changes in Argentina could boost Brazilian soybean exports](https://feedsoft.ai/events/13841-efeedlink-tax-changes-in-argentina-could-boost-brazilian-soybean-exports.md) | +5.7% | +4.8% |
| SOY | 2023-09-02 | [Brazil allows farmers to sow new soy before fallow - Markets - Business Recorder](https://feedsoft.ai/events/13624-brazil-allows-farmers-to-sow-new-soy-before-fallow-markets-business-recorder.md) | -0.3% | -5.8% |
| SOY | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | -2.3% | — |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/brazilian-crushers-buy-back-soybean-oil-export-positions-to-sell-domestically/

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