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Farm Progress America, June 6, 2022

Max Armstrong offers insight on changing dynamics for the world supply of vegetable oil.

Max Armstrong looks at how vegetable oil markets are being impacted by the Ukraine situation. Ukraine and Russia account for nearly 80% of the sunflower oil for the world, and concerns about soybean production in the U.S. may crimp soybean oil supplies. Max offers market insight on the market from Dale Durchholz including a look at how rising use of biodiesel in Brazil and Argentina could impact soy oil exports from those two countries.

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: inewsistock/Getty Images Plus

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