Loading…
South Korea's soybean oil imports exceeded $200 million in 2017, and the US share rose to 45 percent in 2016/17 from 23 percent in 2015/16. Buyers cite the golden color and quality of US oil as reasons for the gain, supported by the US-Korea Free Trade Agreement.
Gains in export share for US soybean oil support demand for US crush output, though the market is small relative to global soyoil trade and the effect on prices is modest.
ussec.orgFeb 12, 2018After 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.
