South American soybean oil prices drop to more than two-year low
FOB soybean oil cash prices in South American markets have broken the $1,000/mt mark and plunged to a more than two-year low amid falling Chicago Board of Trade futures, thin demand and weakening port differentials. Platts, part of S&P Global Commodity Insights, assessed both Argentinian FOB Up River and Brazilian FOB Paranaguá outright prices at $988.55/mt for May dates on…