# US soybean oil sales plunge 91%, exports down 18% - The Jacobsen

> USDA data for the week to December 12 showed US soybean oil sales for 2024/25 fell 91% to 6,000 tonnes, and exports dropped 18% to 13,000 tonnes. Palm oil has traded at a premium to soyoil since August, while Argentine soyoil basis premiums have shifted foreign demand toward US exports.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27050-us-soybean-oil-sales-plunge-91-exports-down-18-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak weekly export sales signal soft near-term demand for US soyoil, though the palm premium and Argentine competition are shifting some buying toward US supply.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-01-02 | [Implied US soybean oil demand eases in November - The Jacobsen](https://feedsoft.ai/events/26609-implied-us-soybean-oil-demand-eases-in-november-the-jacobsen.md) | -0.6% | +10.7% |
| SBO | 2022-01-19 | [Lower US Soybean Meal Export Projection](https://feedsoft.ai/events/43208-lower-us-soybean-meal-export-projection.md) | +1.8% | +5.3% |
| SBO | 2023-02-10 | [US soybean and oil prices decline w-o-w following WASDE report](https://feedsoft.ai/events/37421-us-soybean-and-oil-prices-decline-w-o-w-following-wasde-report.md) | +3.0% | -0.4% |
| SBO | 2024-02-15 | [A Look at the USDA's Soybean Oil Projections for 2024-25](https://feedsoft.ai/events/31771-a-look-at-the-usda-s-soybean-oil-projections-for-2024-25.md) | -3.8% | -0.5% |
| SBO | 2023-02-16 | [Canola exports, soy oil and meal all affect canola’s price \| The Western Producer](https://feedsoft.ai/events/37285-canola-exports-soy-oil-and-meal-all-affect-canola-s-price-the-western-producer.md) | +1.9% | -6.8% |
| PALMOIL | 2025-04-11 | [Brazil's rising biodiesel demand restricts soybean oil exports](https://feedsoft.ai/events/25204-brazil-s-rising-biodiesel-demand-restricts-soybean-oil-exports.md) | -0.6% | -5.1% |
| PALMOIL | 2024-01-16 | [Indonesia’s 2024 palm oil exports seen down 4% on year – statement](https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement.md) | -0.2% | -1.4% |
| PALMOIL | 2024-02-13 | [Biofuel Canola OIl Demand Reaches Record Hight - The Jacobsen](https://feedsoft.ai/events/15240-biofuel-canola-oil-demand-reaches-record-hight-the-jacobsen.md) | +0.3% | +7.5% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/12/19/us-soybean-oil-sales-plunge-91-exports-down-18/

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