Argentine soyoil premiums hit 22-month high as exporters scramble to cover commitments

Soyoil premiums in Argentina reached their highest point since July 2022 on Monday June 3 after consistently increasing over the past weeks on a combination of slow farmer sales, lack of natural gas to operate crushing facilities, and the need to fill vessels previously contracted for export, according to Fastmarkets’ assessments and intel from on-the-ground sources.