Analyzing key drivers of demand and trade shaping soybean oil price and production trends

South America, the main supplier of soybean oil to global markets, has been undergoing profound changes in recent years. The trends we are seeing in two main markets, Argentina – the world’s largest exporter of soybean oil – and Brazil, the world’s largest producer of soybeans, will shape global trade dynamics in the coming years. […]

Speculators in the US corn market cut short positions, helping send the net short to the highest level since August 2023, while adding shorts in soybean and wheat contracts in the week to Tuesday October 29, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday November 1.

Canada's grain and oilseed exports fell 38%, with significant declines in wheat and canola, despite strong soybean exports, according to the Canadian Grain Commission

Soybean oil premiums in Argentina have surged since the beginning of the month, to trade at one of the highest levels on record since Fastmarkets started following the market in 2018, with volumes for nearby deliveries pressured by Indian demand and a slow pace of farmer sales, according to sources

The USDA's latest crop progress report indicates strong advancement in the harvest of major crops, with corn and soybeans making significant strides.

Argentina's total production of grains and oilseeds in the 2024-25 season is projected to increase 9.3% from the previous year's crop, according to the Rosario Grain Exchange (BCR)

Sales of Argentine soybeans, corn and wheat for the 2023/24 marketing year fell in the week to September 11, according to data released by Argentina’s agriculture secretariat on Wednesday September 18

The USDA's latest report shows US corn crop ratings at 65% in good-to-excellent condition, surpassing analyst expectations, while soybean ratings slightly declined.

Fastmarkets has corrected its assessment of the AG-SYB-0022 Soybean FOB US PNW $/mt, which was published incorrectly on Wednesday August 21.