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Cepea reports Brazilian soy oil prices hit new nominal records in October 2021, with the monthly average up 9.7% from September. Soy oil feeds about 70% of Brazil's biodiesel, and the industry's demand has overtaken feed-industry use, limiting soybean price declines.
Strong Brazilian soyoil demand from biodiesel supports crush margins and soybean prices, while also reducing the availability of soy oil for feed use.
cepea.org.brImagenet TecnologiaNov 3, 2021Not enough comparable past events yet for a historical read.
Not 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.
