Home Commodity News Latin American soybean oil basis surge on improving demand, supply worries

Latin American soybean oil basis surge on improving demand, supply worries

South American soybean oil export differentials surged in August, posting the second-largest increase so far this year amid improving demand from Asia, worries on local supply, and echoes from biodiesel demand in Argentina, Brazil. On Aug. 31, S&P Global Platts assessed the Argentinian FOB Up River basis for October loading at minus 50 points to …

The post Latin American soybean oil basis surge on improving demand, supply worries first appeared on Hellenic Shipping News Worldwide. Source

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