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Brazilian soybean oil premiums have firmed as domestic biodiesel producers outbid the export market for January delivery. Brazilian offers trade at higher premiums than Argentine oil, with some sources expecting the spread to persist until March.
Strong domestic biodiesel bidding diverts soyoil from export channels, supporting soyoil prices and widening regional basis differentials.
fastmarkets.comEduardo Tinti, Leticia Pakulski, the Fastmarkets teamDec 18, 2023Not 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.
