We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry. current time
Soy oil prices showed lower on increased production
As per reliable sources, in the America, soyoil futures maintained gains on the CME, but backed off from earlier highs after the US Department of Agriculture (USDA) released its World Agricultural Supply and Demand Estimates (WASDE). Higher crude oil added some positive support to soy oil prices. They said that the most liquid December CME soyoil contract went up.
The USDA reported that 22,000 tonne of US soyoil were sold to South Korea in the 2025-26 year, providing support to soyoil futures. Later, the USDA announced marginal but mostly upward changes to its 2025-26 US soyoil balance sheet.
The agency increased the estimate for US soyoil production from 29.9 billion lbs in the August outlook to 30.1 billion lbs in September. The agency also raised its projection for US soyoil ending stocks, from 1.72 billion lbs the prior month to 1.73 billion lbs in September, while keeping exports unchanged.
As the forecast by the USDA, the US domestic use of biofuels was estimated unchanged by the agency at 15.5 billion lbs. It is also forecasted US soybean production to be at 4.3 billion bushels, up slightly on the month, as the US harvested area was increased by 0.2 million acres from the previous outlook.
The US soybean crush outlook for 2025-26 was raised by 15 million bushels on the month, due to expectations for stronger soymeal exports during the marketing year.
Meanwhile, soymeal futures changed direction from earlier losses and traded with gains on the CME, after the USDA made mild changes on the feed ingredient’s balance sheet.
The agency raised its projections for US soymeal production from 59.8 million tonne (mt) in August to 60.2 mt in September. The US supply was raised from 61.3 mt to 60.9 mt in the current report.
