Brazilian biodiesel contract differentials for November–December 2026 fell by more than R$30/m³ versus September–October, turning negative across all major regions. The largest drops were in Mato Grosso, where Sorriso–Nova Mutum fell R$70/m³.
Biodiesel producers face squeezed margins from high soybean oil feedstock costs and inventory build-up, while weak demand and Petrobras diesel quotas let buyers push down premiums. Softer biodiesel pricing reduces soybean oil demand support, which is bearish for SBO.
Not enough comparable past events yet for a historical read.
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.