# Latin American soybean oil basis surge on improving demand, supply worries 03.09.2021 - UkrAgroConsult

> South American soybean oil export basis differentials surged in August, with Argentina's Up River basis rising 530 points and Brazil's Paranagua basis rising 460 points. The increase reflected Asian demand, concerns over local supply, and biodiesel demand in Argentina and Brazil. India also cut its crude soybean oil import duty to 30.25% on August 20.

- Date: 2021-09-03 · published 2021-09-03T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/45153-latin-american-soybean-oil-basis-surge-on-improving-demand-supply-worries-03-09
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger South American export premiums and Indian buying signal firm global demand for soybean oil, supporting prices and competing with palm oil supplies.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-01-11 | [Ukraine has increased the export of sunflower oil and reduced the supply of sunflower meal in December 2021 11.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43256-ukraine-has-increased-the-export-of-sunflower-oil-and-reduced-the-supply-of.md) | -0.7% | +6.7% |
| SBO | 2022-08-04 | [Argentine farmers withhold corn, soybeans 04.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/14018-argentine-farmers-withhold-corn-soybeans-04-08-2022-ukragroconsult.md) | +3.4% | +6.6% |
| SBO | 2022-08-10 | [Sunflower prices are rising on expectations of increased exports of oil and meal 10.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40147-sunflower-prices-are-rising-on-expectations-of-increased-exports-of-oil-and.md) | -1.1% | +1.7% |
| SBO | 2022-07-28 | [All Eyes on Soybean Oil Demand - AgWeb](https://feedsoft.ai/events/40577-all-eyes-on-soybean-oil-demand-agweb.md) | +4.1% | +9.2% |
| SBO | 2024-12-11 | [Export demand surging for US corn, soybean oil \| Baking Business](https://feedsoft.ai/events/26904-export-demand-surging-for-us-corn-soybean-oil-baking-business.md) | -2.0% | -2.2% |
| SOY | 2022-10-19 | [Argentina weekly soybean sales slow 19.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/14003-argentina-weekly-soybean-sales-slow-19-10-2022-ukragroconsult.md) | +0.7% | +6.2% |
| SOY | 2022-08-04 | [Argentine farmers withhold corn, soybeans 04.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/14018-argentine-farmers-withhold-corn-soybeans-04-08-2022-ukragroconsult.md) | +8.4% | -3.2% |
| SOY | 2022-10-25 | [Tight soybean supply weighs on demand recovery in China amid surging crush margin \| World Ports Organization](https://feedsoft.ai/events/39165-tight-soybean-supply-weighs-on-demand-recovery-in-china-amid-surging-crush.md) | +2.6% | +4.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/latin-american-soybean-oil-basis-surge-on-improving-demand-supply-worries/

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