
Bloomberg reports that Brazil is crushing record volumes of soybeans, but a delay in its biofuel mandate increase has left excess cheap soy oil to be exported. The surplus is flowing into overseas markets at low prices.
The article attributes the situation to the slow pace of domestic biodiesel demand growth.
Surplus Brazilian soy oil exports add pressure to global soy oil prices and reduce the premium for South American cargoes. Continued delay in Brazil's biodiesel blending would keep this downward pressure in place.
Setelah 351 peristiwa kebijakan bearish sebelumnya, Minyak Kedelai bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,8%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.