Recent reports highlight a downturn in US soybean oil exports, marking four consecutive months of record lows. October exports were just above 26,000 tonnes, the lowest since 2000, with the total exports from July to October reaching only about 69,000 tons, the lowest since 1975, and nearly 80% lower than the five-year average. This period also saw record-high US export prices. Despite a drop in Argentine soybean oil exports, Brazil's second supplier has seen a surge in exports, reaching multi-year highs, attributed to a large soybean harvest and a weak currency, providing an export advantage. US soybean oil stocks experienced a dip after refining rates slowed, but rose back above average in October, thanks to large sales to India and increased shipments.