# South American soybean oil FOB basis drops to all-time lows | S&P Global

> South American soybean oil FOB port basis fell to record lows on August 17, with Brazil's Paranaguá at a record low for a front-month loading and Argentina's Up River at its lowest since assessments began. Weak export demand, selling pressure, unattractive Indian import margins and record Chinese portside stocks weighed on differentials.

- Date: 2023-08-18 · published 2023-08-18T12:00:00.000Z
- Category: trade · region South America · magnitude medium
- Page: https://feedsoft.ai/events/34661-south-american-soybean-oil-fob-basis-drops-to-all-time-lows-s-and-p-global
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Cheap South American oil makes competing edible oils less attractive for key buyers and signals weak global demand for soybean oil, which pressures soy oil prices and crush economics.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-03 | [South American soybean oil FOB basis drops to record low \| S&P Global](https://feedsoft.ai/events/35136-south-american-soybean-oil-fob-basis-drops-to-record-low-s-and-p-global.md) | +6.2% | +2.3% |
| SBO | 2025-02-26 | [CBOT soybeans fall on South America harvest, tariff worries — TradingView News](https://feedsoft.ai/events/26108-cbot-soybeans-fall-on-south-america-harvest-tariff-worries-tradingview-news.md) | -5.7% | -5.1% |
| SBO | 2026-03-01 | [India traders 'washout' soybean oil shipments to lock in price rally gains](https://feedsoft.ai/events/20703-india-traders-washout-soybean-oil-shipments-to-lock-in-price-rally-gains.md) | +4.6% | -1.4% |
| SBO | 2024-04-04 | [Used Cooking Oil Imports for Biofuels Exceed Expectations - American Soybean Association](https://feedsoft.ai/events/15225-used-cooking-oil-imports-for-biofuels-exceed-expectations-american-soybean.md) | -0.4% | -9.1% |
| SBO | 2026-03-16 | [Soybean oil slides amid Trump threats to China, US biofuel credits at 1-mth low](https://feedsoft.ai/events/4710-soybean-oil-slides-amid-trump-threats-to-china-us-biofuel-credits-at-1-mth-low.md) | -5.7% | -6.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/081823-south-american-soybean-oil-fob-basis-drops-to-all-time-lows

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