Soybean oil is traded in distinct crude, degummed, refined and specialty forms. A comparable lot needs product and processing state, quality specification, intended use, origin, quantity, currency, Incoterm, destination and delivery window.
This release uses the current CME soybean-oil contract framework, the Codex standard for named vegetable oils and USDA trade data. Contract quantities and dated trade totals are reference evidence, not a live physical quote.
Crude soybean oil, degummed oil, refined-bleached-deodorized oil and high-oleic or identity-preserved products differ in processing, composition, handling, intended use and commercial specification. Atlas keeps the product state explicit instead of applying one oil description to every lot.
Codex defines soybean oil by its source and supplies identity and quality factors for food oils. Commercial contracts can additionally specify free fatty acids or acid value, moisture and impurities, peroxide value, colour, unsaponifiable matter, fatty-acid profile, GMO or identity-preserved status, food-safety requirements and the applicable sampling and test methods.
CME defines a 60,000-pound soybean oil reference contract quoted in cents per pound. A physical offer still requires the exact oil form and specification, origin, quantity, currency, Incoterm, load point or destination, delivery window, inspection evidence, basis and logistics before a delivered value can be compared.
No. Refining changes processing state and quality parameters, while specialty oils can add fatty-acid, identity-preserved or certification requirements.
CME specifies 60,000 pounds, approximately 27.22 metric tons.
No. It is a reference-market contract quoted per pound. A delivered physical value additionally needs product form, specification, origin, basis, Incoterm, destination, logistics, delivery timing and evidence vintage.
Crude or refined state, quality and fatty-acid specification, intended use, GMO or identity-preserved status where relevant, origin, quantity, currency, Incoterm, destination, delivery window, inspection basis and evidence date.
Figures retain their source, period and review date. Corroboration is not promoted to primary evidence.