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The United Soybean Board reports growing international interest in high oleic soybean oil, including a South Korean food company's limited launch and Costa Rican imports for foodservice use. South Korea is the largest US soybean oil export market.
Demand growth for specialty high oleic oil is a modest positive for US soybean oil exports, but the volumes described are small and unlikely to move commodity prices materially.
unitedsoybean.orgSoy CheckoffFeb 21, 2020After 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.
