U.S. Soybean Oil: Production & Disappearance
USDA reporting indicates U.S. soybean oil production is on the rise. Further, USDA anticipates that demand for biofuels will increase over the next two years, whereas demand for food and feed will rise slightly in 2020/21 and then decrease in 2021/22. Correspondingly, exports of soybean oil are projected to fall dramatically over the next two years.
