Brazil’s FOB Paranagua soybean oil price reaches record high

The Brazilian FOB Paranagua soybean oil outright price surged Feb. 3 to its highest on record, driven by soaring Chicago Board of Trade futures amid a supportive tone over global edible oils. S&P Global Platts assessed FOB Paranagua soybean oil Feb. 3 at $1,442.93/mt for March loading, its highest level since assessments began in March 2020. This price has rallied…