아르헨티나 오일 및 지방 인사이트

The USDA (United States Department of Agriculture) report on soybeans, released in December, indicated a neutral outlook, with few changes in global figures. Soybean production in the United States and Brazil was maintained at 124.1 million and 169 million tons, respectively, while Argentine production increased to 52 million tons. According to Luiz Fernando Roque, Market Intelligence Coordinator at Hedgepoint Global Markets, the record harvest in South America, especially in Brazil, and a near-record harvest in the United States should result in the largest global production ever recorded, putting pressure on prices on the Chicago Stock Exchange in the coming weeks.

In the first 10 months of the year, sales of the by-product reached the second highest volume in history. Demand improves the purchasing power of the industry.

With the recent publication of official soybean oil export volumes for the month of October, we were able to confirm what the shipping data had already told us on paper: the tons exported during the tenth month of the year were the most important in 17 campaigns. Thus, October became the month with the most soybean oil exports for the current cycle, being the second time in history that something similar has happened. In the same vein, this month of November that we are now leaving behind maintains its vigor for oil shipments, and according to preliminary estimates by the maritime agency NABSA, the penultimate month of the year should end with just over 630,000 tons of soybean oil shipped. If so, it would become the second best month of the campaign and the largest volume of soybean oil exported for a November in fourteen years. Thus, in the cumulative total from April to November, 4.4 Mt of soybean oil would have already been shipped, position 10.