# Latam soybean oil spread to Asian CPO surges to record

> The spread between South American FOB soybean oil and Indonesian FOB crude palm oil widened to a record, with Brazilian soyoil about $417/mt above CPO. Indonesian FOB CPO prices are down 25.8% year-to-date after Indonesia restarted exports following an earlier ban.

- Date: 2022-08-09 · published 2022-08-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40129-latam-soybean-oil-spread-to-asian-cpo-surges-to-record
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A record premium for soyoil over palm makes prompt Latin American supplies less competitive, which favours palm oil buyers and pressures soyoil demand while supporting palm prices relative to soyoil.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/080922-latam-soybean-oil-spread-to-asian-cpo-surges-to-record

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