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Soybean oil export prices in Brazil and Argentina fell sharply on November 4, 2026, as crude oil futures dropped about 8% to 9%. WTI settled near $88 per barrel and Brent near $94.6.
CBOT December soybean oil futures fell 2.7% to 63.53 cents per pound, while stronger export basis levels partly offset the decline in physical prices.
Soybean oil is priced against biodiesel and renewable diesel feedstock economics, so weaker crude reduces its value as a biofuel input and pressures South American export prices. Firmer basis limited the drop, but meal and oil prices remain tied to energy moves.
ukragroconsult.comNov 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
