Brazil soybean oil exports remain strong as crush expands

Brazilian soybean oil exports maintained a robust trajectory as the country's soybean processing sector expanded, according to recent data from Brazil's Foreign Trade Secretariat and the Brazilian Association of Vegetable Oil Industries. Preliminary figures from the Foreign Trade Secretariat indicated that exports of soft vegetable fats and oils, which encompass soybean oil, reached 291,000 metric tons during the first 18 working days of September, averaging approximately 16,167 metric tons per day.

This pace marked a 33% increase from the previous week and represented a staggering 278% year-over-year growth, suggesting that September's shipments could potentially reach around 339,500 metric tons. The preliminary data, however, only covers a subset of soybean oil volumes, as detailed September soybean oil figures will be accessible through the Brazilian government's Comex Stat database following the release of comprehensive monthly trade data.

Throughout the first eight months of the year, Brazil shipped approximately 1.57 million metric tons of soybean oil, surpassing the 1.363 million metric tons exported throughout all of 2025. This surge in exports aligns with a significant uptick in domestic soybean processing, with the Brazilian Association of Vegetable Oil Industries reporting a 8.3% year-over-year rise in soybean crush, reaching 33.6 million metric tons from January to July.

July processing alone amounted to 5.13 million metric tons, reflecting a 7.4% increase compared to the previous year. Looking ahead, ABIove projected a record soybean crush of 63.5 million metric tons for 2026, up from 63.3 million metric tons previously, and raised its soybean oil production estimate to 12.8 million metric tons, up from 12.75 million metric tons.

Similarly, the association revised its 2026 soybean oil export projection upward by 5.9% to 1.8 million metric tons, citing robust domestic processing and a resilient international soybean oil market. As of September 18, Brazilian soybean oil exports stood 230,000 metric tons below ABIove's full-year projection before accounting for September's additional volumes.

Platts, a division of S&P Global Energy, reported the FOB Paranaguá price for Brazilian soybean oil dated for November loading at $1,235.47 per metric ton as of September 25.