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IndexBox analysts expect soybean oil export prices to rise about 4% this year, driven by biofuel demand. Lower soybean yields in Brazil and Argentina are also tightening supply.
Brazil's soybean crop is put at about 134 million tonnes, 7% below November expectations.
Strong biofuel demand combined with reduced South American soybean output supports soybean and soybean oil prices. Global soy stocks are tight.
en.boerenbusiness.nlRedactie BoerenbusinessJan 18, 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.
