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South American soybean oil FOB prices rose above $1,900 per tonne for the first time, with Argentine and Brazilian quotes at record levels in late April. The move followed Indonesia's April 28 ban on palm oil shipments and the loss of Black Sea sunflower oil supplies.
Record South American soybean oil prices reflect tight global edible oil supply, which keeps vegetable oil and soybean oil prices firmly bullish for feed buyers.
ukragroconsult.comMay 3, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
