# Anticipated 2023 Surplus of Soybean Supply Driving Bean Oil Lower

> A Barchart columnist argues that rising commodity prices since 2020 are beginning to curb demand and encourage more supply. He expects a 2023 surplus of soybean supply to push soybean oil prices lower. The piece frames the outlook around the commodity cycle having peaked in June 2022.

- Date: 2023-05-20 · published 2023-05-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36024-anticipated-2023-surplus-of-soybean-supply-driving-bean-oil-lower
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

An expected soybean supply surplus for 2023/24 points to lower soybean oil and crush values, which would also weigh on soybean meal prices. Feed buyers may see softer protein input costs ahead.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/17062525/anticipated-2023-surplus-of-soybean-supply-driving-bean-oil-lower

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