US soybean oil stocks rise more than expected
According to a USDA report, U.S. soybean oil inventories in January totaled 2.43 billion pounds, up 11.7% from the previous month and 33.9% from a year earlier. These figures also exceeded market expectations, reaching the highest level since April 2023.
According to a USDA report, soybean oil inventories in January reached 2.43 billion pounds, up 11.7% from the previous month and 33.9% from a year earlier, significantly exceeding market expectations and reaching the highest level since April 2023. This indicates a significant supply glut and downward pressure on spot prices, as high inventories indicate insufficient demand. At the same time, coupled with the latest futures market data (for example, the closing price of the main soybean oil 2605 contract on the Dalian Commodity Exchange was 8350 yuan/ton, up 78 yuan), news of a sharp increase in inventories may reverse the recent rise, leading to downward pressure on futures prices and a significant negative impact.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Egypt’s wheat reserves sufficient to cover four months of domestic demand
Livestock growth in Turkey in 2025
Vegetable Oil Demand Is Reshaping Global Oilseed Market Dynamics
Price of insurance for ships passing through the Strait of Hormuz has jumped 12 times
China will maintain its policy of “moderate imports” of grain and oils...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon