# Latin American soybean oil prices return to pre-war levels amid weaker demand

> South American FOB soybean oil prices in Argentina and Brazil have fallen about 30% from late-April highs, back to pre-Russia-Ukraine-invasion levels. Argentine and Brazilian August-loading cargoes were assessed at $1,391.34/mt on June 23, the lowest front-month level since January.

- Date: 2022-06-24 · published 2022-06-24T12:00:00.000Z
- Category: market · region South America · magnitude medium
- Page: https://feedsoft.ai/events/41030-latin-american-soybean-oil-prices-return-to-pre-war-levels-amid-weaker-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak regional demand and a worsening macro backdrop are pulling vegetable oil prices lower, which points to softer soybean oil values and reduced pressure on meal-crush economics for feed buyers.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/062422-latin-american-soybean-oil-prices-return-to-pre-war-levels-amid-weaker-demand

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