# A Look at the USDA's Soybean Oil Projections for 2024-25

> Preliminary USDA Agricultural Outlook Forum projections for 2024-25 show US soybean oil production rising 4.4% to a record, with consumption up 3.7%. Ending stocks are forecast to reach their largest level in three years, and the average soyoil price is forecast to fall.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/31771-a-look-at-the-usda-s-soybean-oil-projections-for-2024-25
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising production and building stocks point to a looser soybean oil balance and lower prices ahead. The projection shows renewable diesel demand growth is already largely reflected in supply plans.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.6% | -0.9% |
| 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 | 2022-09-12 | [USDA lowers forecast for soybean oil use in biofuel production  \| Biomass Magazine](https://feedsoft.ai/events/39665-usda-lowers-forecast-for-soybean-oil-use-in-biofuel-production-biomass-magazine.md) | +0.3% | -6.6% |
| SBO | 2021-12-13 | [USDA sees little renewable diesel benefit for soybean oil \| The Western Producer](https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer.md) | +0.9% | +5.0% |
| SBO | 2025-01-10 | [January WASDE reduces 2024-’25 forecast for soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15156-january-wasde-reduces-2024-25-forecast-for-soybean-oil-use-in-biofuel.md) | +7.6% | +9.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/canada-markets/blog-post/2024/02/15/look-usdas-soybean-oil-projections

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