# Soybean oil supply and demand: Scott Gerlt comments - Fastmarkets

> Scott Gerlt of the American Soybean Association said a crop disaster in Argentina cut soybean oil availability and lowered global demand for 2022-23. He expects supply to recover in the next marketing year as USDA projects higher output.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/15304-soybean-oil-supply-and-demand-scott-gerlt-comments-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina is a major soybean oil exporter, so a recovery in its output would ease tightness. He expects this to pressure soybean prices lower as supplies return over the next year or two.

## Read by commodity

- SBO: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-10 | [US corn and soybean futures decline - Markets - Business Recorder](https://feedsoft.ai/events/12610-us-corn-and-soybean-futures-decline-markets-business-recorder.md) | -4.0% | -11.5% |
| SOY | 2023-06-28 | [The Flush in Grain and Soybean Complex Futures Markets Continued Today](https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today.md) | +3.5% | +3.4% |
| SOY | 2024-07-13 | [USA: CBOT soybeans fall to four-year low due to weak demand and excess supply - Trade4go](https://feedsoft.ai/events/11200-usa-cbot-soybeans-fall-to-four-year-low-due-to-weak-demand-and-excess-supply.md) | -3.3% | -9.4% |
| SOY | 2017-01-31 | [Dry spell in Argentina may spoil buzz for soybean markets](https://feedsoft.ai/events/72847-dry-spell-in-argentina-may-spoil-buzz-for-soybean-markets.md) | +1.3% | +0.2% |
| SOY | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +3.6% | +3.6% |
| SBO | 2024-01-23 | [Palm oil rebounds on severe rain concerns, Chinese demand - Markets - Business Recorder](https://feedsoft.ai/events/32229-palm-oil-rebounds-on-severe-rain-concerns-chinese-demand-markets-business.md) | -5.7% | -4.7% |
| SBO | 2022-01-27 | [Soybean Oil/Soybean Meal Yield Linked to Temperatures](https://feedsoft.ai/events/13391-soybean-oil-soybean-meal-yield-linked-to-temperatures.md) | +3.5% | +10.4% |
| SBO | 2024-05-06 | [Soybean Weekly Report](https://feedsoft.ai/events/11630-soybean-weekly-report.md) | +2.3% | +8.3% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/soybean-oil-supply-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.