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USDA global oil and oil seeds review in June 2022

Sunflower Seed
Refined Soybean Oil
Published Jun 15, 2022

Tridge summary

Разница в экспортных ценах на американское соевое масло по сравнению с южноамериканским, выросла почти до 150 долларов за тонну. Это на 20 долларов за тонну больше наблюдавшейся в начале апреля разницы в котировах. Несмотря на значительный рост, премия остается значительно ниже уровня, достигнутого в июне 2021 года, когда премия достигла пика чуть ниже 400 долларов за тонну и составила в среднем около 270 долларов за тонну за период с апреля по август.

Original content

The difference in export prices for US soybean oil compared to South American soybean oil has grown to almost $150 per ton. This is $20 per ton more than the difference in quotations observed at the beginning of April. Despite significant growth, the premium remains well below the level reached in June 2021, when the premium peaked just below $400/t and averaged around $270/t over the April-August period. In percentage terms, current premiums are also lower at 8 percent compared to 20 percent last year, oilworld.ru reports citing the USDA. Rising US soybean oil price premiums reflect a stronger balance of supply and demand in the United States relative to Brazil and Argentina. The US domestic market is forecast to consume 93 percent of all soybean oil produced this year. This compares with 80 percent in Brazil and 13 percent in Argentina when biodiesel exports are included. The United States is also a net importer of vegetable oil, which is projected to account for almost a ...
Source: Oilworld
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