Brazil Soybean Oil Firms as Some Crushers Run at a Loss

Brazilian soybean oil prices are finding support as the crush slows, margins weaken and seasonal biodiesel demand hits its peak. Isabela Garcia, StoneX Brazil, Senior Market Intelligence Analyst, explains why Brazil's domestic soybean oil market is tightening and how biodiesel mandate policy could reshape 2027. The soybean oil basis against Chicago has narrowed on a recovery in domestic prices, while crush margins in some regions have turned negative. January to August exports already topped all of 2025, with India taking most of the volume. A B16 biodiesel mandate would pull more soybean oil into biodiesel and make that export pace hard to repeat. 0:00 Soy Oil Gap to Chicago Narrows 0:38 Brazil's Crush Season Fades 1:08 Brazil Crushers Run at a Loss 1:23 Biodiesel Demand Hits Its Peak 1:48 India Soaks Up Brazil Soy Oil 2:27 The B16 Wildcard for 2027 Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_isabela_garcia&utm_content=share Like and subscribe for more financial market insights. #SoybeanOil #StoneX #IsabelaGarcia #Biodiesel