# Crude Oil Selloff Drags South American Soybean Oil Export Prices Lower

> A sharp November 4 decline in crude oil futures pulled CBOT soybean oil lower and reduced South American soybean oil export values. December-loading Argentine FOB Up River prices fell $14.33 per tonne and Brazilian FOB Paranaguá prices fell $20.95 per tonne, while stronger export basis levels partly offset the futures decline.

- Date: 2026-11-08 · published 2026-11-09T15:07:10.140Z
- Category: macro · region South America · magnitude medium
- Page: https://feedsoft.ai/events/89633-crude-oil-selloff-drags-south-american-soybean-oil-export-prices-lower
- 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

Lower crude oil prices reduce support for vegetable oils linked to biodiesel demand, pressuring soybean oil futures and export values. Stronger export basis in Argentina and Brazil softened, but did not erase, the bearish impact.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-03-05 | [Declining crude oil and vegetable oil prices lower prices for sunflower seeds and oil in Ukraine](https://feedsoft.ai/events/11140-declining-crude-oil-and-vegetable-oil-prices-lower-prices-for-sunflower-seeds.md) | -0.9% | +8.7% |
| SBO | 2025-04-07 | [Palm and soybean oil prices fell by 4.4-5.9% amid a 14.5% drop in oil prices in two days](https://feedsoft.ai/events/9630-palm-and-soybean-oil-prices-fell-by-4-4-5-9-amid-a-14-5-drop-in-oil-prices-in.md) | +2.0% | +5.6% |
| SBO | 2020-03-10 | [Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along \| Hoosier Ag Today](https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along.md) | -8.5% | -1.8% |
| SBO | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | +2.0% | +5.6% |
| SBO | 2020-03-10 | [Crude oil’s crash jeopardises Asia’s cleaner fuel ambitions \| FMT](https://feedsoft.ai/events/54010-crude-oil-s-crash-jeopardises-asia-s-cleaner-fuel-ambitions-fmt.md) | -8.5% | -1.8% |
| WTI | 2018-12-20 | [Oil demand flashes red, sending crude prices even lower](https://feedsoft.ai/events/11080-oil-demand-flashes-red-sending-crude-prices-even-lower.md) | -6.7% | +12.5% |
| WTI | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +0.3% | -1.2% |
| WTI | 2016-12-23 | [C$ hits a 5-week low on soft data, lower oil prices](https://feedsoft.ai/events/73697-c-hits-a-5-week-low-on-soft-data-lower-oil-prices.md) | +2.8% | +0.7% |

## Sources

- pro.edgex.exchange: https://pro.edgex.exchange/en-US/news/article/crude-oil-rout-drags-south-american-soybean-oil-prices-lower

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