
US soybean oil futures have mostly traded between 65 and 75 cents per pound since mid-July, even as soybean futures reached three-year highs in early September and crude oil hovered near $100 per barrel. Rising imports of biodiesel and vegetable oil feedstocks, following EPA's record biofuel mandates, have created excess supply.
EPA small-refinery exemptions add uncertainty to near-term demand.
Ample imported supply is limiting soybean oil price gains, which weighs on crush margins and the value of oil share for meal-focused feed buyers. Soybean oil prices are likely to stay range-bound unless biofuel demand strengthens or exemptions shift.
Após 351 eventos baixista de política passados, Óleo de soja subiu em mediana -0,0% em 5 sessões (49% de alta; metade central de -1,7% a +1,8%), e -0,2% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.