Soybean oil surpasses meal in industry profit share

The participation of soybean oil in the profits of the crushing industry reached a record 50.3% last week, surpassing soybean meal, which fell to 49.7%. This is what the surveys of the Center for Advanced Studies in Applied Economics (Cepea) indicate. According to the institute, this is unprecedented, considering the series of calculations by Cepea, based on the prices of soybean grain, meal, and oil traded in São Paulo. Researchers explain that this scenario is due to the somewhat more intense declines in the values of meal and soybean grain last week. The oil also depreciated, but lightly, according to the research center. Cepea also recalls that the demand for oil, especially for biodiesel production, continues to expand in Brazil and the United States. This context has been sustaining the values of the derivative in recent months. The recent weakening in domestic prices of the soybean complex, in turn, is linked to the entry ...