# Soybean oil prices fall in Brazil and Argentina amid sharp decline in crude oil futures

> 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.

- Date: 2026-11-05 · published 2026-11-05T15:06:08.072Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/81892-soybean-oil-prices-fall-in-brazil-and-argentina-amid-sharp-decline-in-crude-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/soybean-oil-prices-fall-in-brazil-and-argentina-amid-sharp-decline-in-crude-oil-futures/

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