In this list
Agriculture | Oil

ARGENTINA DATA: Soybean crush declines for third consecutive month

Energy | Electric Power | Energy Oil | Refined Products | Bunker Fuel | Metals | Steel | Petrochemicals | Shipping | Tankers

Market Movers Americas, Jan 24-28: Texas petrochemical complex ramps up; US power and bunker prices soar

Energy | Oil | Refined Products | Jet Fuel

Platts Jet Fuel

Energy | Oil | Petrochemicals | Olefins | Polymers | Crude Oil

Asian Refining and Petrochemicals Summit

Energy | Oil | Electric Power | Natural Gas | Refined Products | Fuel Oil | Electricity | Jet Fuel | NGL | LPG | Gasoline

Latin American distillate CIF, IPP prices fall from record highs

Energy | Energy Transition | Oil

Fuel for Thought: Alaska officials hit the road to make the case for oil, gas investment

ARGENTINA DATA: Soybean crush declines for third consecutive month

Highlights

Argentina's 2020-21 soybean crush estimated at 40.8 million mt

August soybean oil output fell 7.2% from a month ago

Argentina's soybean crush fell 7.4% from a month ago to 3.6 million mt in August — the third consecutive month of decline — data from the country's agriculture ministry showed, signaling tighter soybean oil supplies ahead.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The crush volume, however, rose 4% year on year, according to data released Sept. 21.

Between January and August, the soybean crush has reached 29.5 million mt, up 13.4% from the same period a year ago.

In the 2020-21 marketing year (April 2021-March 2022), Argentina's domestic soybean crush is forecast to reach 40.8 million mt, according to the US Department of Agriculture's September World Agricultural Supply and Demand Estimates report. The estimate fell from 41.5 million mt projected in August.

Argentina — the largest soybean oil exporter — saw production of the soy derivate fell 7.2% month on month to 700,926 mt, according to the ministry data. But the volume was up 2.6% year on year.

The country has a national biodiesel mandate that requires a 5% blend in gasoil, and soybean oil is used as the main feedstock in biodiesel.

Soybean crushers had reduced capacities and some even idled their plants after the national government cut the mandate to 5% from 10% in July, market sources had said.

Low crush, combined with slow farmer selling, could impact soybean oil exports in the coming months, sources said.