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.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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