South American soybean oil hits more than 3-year lows amid sluggish demand, lower futures
February 5, 2024 Comments Off
South American soybean oil spot prices slid below $800/mt for the first time since September 2020, under pressure from falling Chicago Board of Trade futures contracts and sluggish demand in key destinations. Platts, part of S&P Global Commodity Insights, assessed the Argentinian FOB Up River outright price for March dates at $792.12/mt on Feb. 2, down 6.7% since the start…
South American soybean oil hits more than 3-year lows amid sluggish demand, lower futures
South American soybean oil spot prices slid below $800/mt for the first time since September 2020, under pressure from falling Chicago Board of Trade futures contracts and sluggish demand in key destinations. Platts, part of S&P Global Commodity Insights, assessed the Argentinian FOB Up River outright price for March dates at $792.12/mt on Feb. 2, down 6.7% since the start…
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