# Soybean oil futures: can they build on fantastic first half?

> Soybean oil futures have more than tripled over 12 months, reaching highs near $74 before a sharp correction in June 2021. Brazil cut its biodiesel blend from 13% to 10% in April, with the reduction extended until at least August. Argentina was reportedly considering a similar cut, which could push more soyoil exports onto the world market.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/6439-soybean-oil-futures-can-they-build-on-fantastic-first-half
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower biodiesel blend mandates in Brazil and Argentina would free soybean oil for export and could add supply to world markets, which would weigh on prices. The outcome depends on whether those policy changes proceed.

## Read by commodity

- SBO: neutral

## Sources

- thearmchairtrader.com: https://www.thearmchairtrader.com/soybean-oil-futures-build-2021/

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