# Argentine soyoil prices at new highs on global tight oilseed supply - Fastmarkets

> Argentine soybean oil prices rose to multi-year highs, with FOB Up River values about $1,106.50/mt for April shipment. CBOT soyoil futures also climbed to their highest since 2013 as tight global oilseed supplies lifted the complex.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/48458-argentine-soyoil-prices-at-new-highs-on-global-tight-oilseed-supply-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight canola, sunflower and soyoil supplies are pushing vegetable oil prices higher, which raises the cost of soy-based feed inputs and supports soymeal pricing through crush margins.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/argentine-soyoil-prices-at-new-highs-on-global-tight-oilseed-supply/

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