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World soybean oil exports fell to 325,000 tonnes in December 2020 from 593,000 a year earlier, mainly due to a 268,000-tonne drop from Argentina after strikes disrupted shipments. U.S. exports rose to 100,000 tonnes, and analysts expect Argentine shipments to recover in early 2021.
Lower Argentine soy oil exports tighten global supply and support soy oil prices, though expected Argentine recovery could ease pressure in coming months.
tridge.comVictor LangatJan 21, 2021After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
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.
