War-driven energy rally may deepen rare soybean oil discount to palm oil

South American soybean oil prices are trading below Asian palm oil values in a rare market inversion that traders say could deepen if the war-driven surge in energy prices continues to lift vegetable oil markets. Platts, part of S&P Global Energy, assessed Argentine soybean oil FOB Up River for April loading at $1,132.30/metric ton on March 11, while Brazilian soybean oil FOB Paranaguá for AprilSouth American soybean oil prices are trading below Asian palm oil values in a rare market inversion that traders say could deepen if the war-driven surge in energy prices continues to lift vegetable oil markets. Platts, part of S&P Global Energy, assessed Argentine soybean oil FOB Up River for April loading at $1,132.30/metric ton on March 11, while Brazilian soybean oil FOB Paranaguá for AprilRead More