# CBOT Soybean Oil Rises, Argentina Forward Prices Up

> CBOT soybean oil rose to about $1,136/t on November 13 from $1,120/t a week earlier. The WASDE showed US 2022/23 soybean oil ending stocks falling to 1,602 million pounds from 1,761 million, with biofuel use raised to 12,400 million pounds. Argentine forward prices also rose on low farmer selling and firmer Brazilian domestic prices.

- Date: 2023-11-14 · published 2023-11-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33254-cbot-soybean-oil-rises-argentina-forward-prices-up
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower US ending stocks and higher biofuel use support soybean oil prices, and firmer Argentine offers suggest tighter export supply.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-12-24 | [Argentina soybean oil and meal exports will decline](https://feedsoft.ai/events/13821-argentina-soybean-oil-and-meal-exports-will-decline.md) | -0.2% | +5.0% |
| SBO | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.6% | -9.4% |
| SBO | 2022-06-28 | [US soyabean oil prices rise due to tight supply and surging energy…](https://feedsoft.ai/events/41032-us-soyabean-oil-prices-rise-due-to-tight-supply-and-surging-energy.md) | -6.8% | -13.9% |
| SBO | 2023-07-04 | [Palm and soybean oil futures rose 8.5-10% in two sessions, following soybean prices](https://feedsoft.ai/events/6545-palm-and-soybean-oil-futures-rose-8-5-10-in-two-sessions-following-soybean.md) | +0.5% | -1.8% |
| SBO | 2025-12-23 | [Argentina soyabean exports set to rise while products decline](https://feedsoft.ai/events/13820-argentina-soyabean-exports-set-to-rise-while-products-decline.md) | +0.3% | +4.9% |

## Sources

- vespertool.com: https://vespertool.com/news/rise-in-cbot-soybean-oil-prices-and-the-vesper-argentina-forward-price-index-for-crude-soybean-oil/

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