USDA review for US soybean and soybean oil for October 2021

게시됨 2021년 10월 13일

Tridge 요약

Soybean oil prices in US ports saw a peak in mid-June, reaching nearly $ 500 per tonne above South American ports, before falling sharply in July and August. However, premiums have recently risen again, currently standing around $ 90 per tonne. This is due to expected demand from biodiesel factories and limited supplies, leading to higher prices and a decrease in exports and demand for biofuels. As a result, soybean oil exports are projected to be half the level seen in 2019/20. However, exports to Turkey are expected to grow in 2021/22 due to new biotech soybean supply arrangements. Global oilseed production for 2021/22 is predicted to slightly decrease due to factors such as rising energy prices, demand for biofuels, increasing global demand for edible oil, and declining supply of rapeseed from Canada.

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원본 콘텐츠

Soybean oil prices in US ports peaked at nearly $ 500 per tonne above South American ports in mid-June, but fell sharply in July and August. However, premiums have risen again in recent weeks and are currently around $ 90 per tonne. While this is well above the previous 4-year average of $ 12 per tonne, it brings the premium closer to levels seen in March, according to oilworld.ru, citing the USDA. Much of the rise in US soybean oil prices compared to South American prices was driven by the expected surge in demand from planned purchases by biodiesel factories. US supplies were already limited and required rationing demand with higher prices to bring expected demand in line with expected supply. With a spread of nearly $ 500 per tonne, the price of US soybean oil was unacceptable and had the desired effect of reducing exports and demand for biofuels. Although premiums have dropped significantly, prices in the Gulf remain elevated at around $ 1,450 per tonne. This is about $ 400 ...

출처: Oilworld