# Brazil’s soybean oil premiums firm on domestic biodiesel demand - Fastmarkets

> 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.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/32778-brazil-s-soybean-oil-premiums-firm-on-domestic-biodiesel-demand-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong domestic biodiesel bidding diverts soyoil from export channels, supporting soyoil prices and widening regional basis differentials.

## Read by commodity

- SBO: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/brazil-soybean-oil-premiums-firm-domestic-biodiesel-demand/

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