# Lower soybean oil demand means higher ending stocks | 680 KFEQ

> USDA's latest balance sheet keeps the 2022-23 US soybean balance unchanged, but cuts the soyoil export forecast by 200 million pounds on weak commitments. Soyoil ending stocks were raised to 1.9 billion pounds after the EPA finalized 2023-25 biomass-based diesel targets and a canola oil pathway.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38343-lower-soybean-oil-demand-means-higher-ending-stocks-680-kfeq
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher soyoil ending stocks signal ample domestic supply and weaker export demand, which is bearish for soyoil prices and limits support for the crush margin.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-03-24 | [Soybean and Sunflower Crush Rise, Stocks Hold Steady - RFD-TV](https://feedsoft.ai/events/20254-soybean-and-sunflower-crush-rise-stocks-hold-steady-rfd-tv.md) | +3.6% | +6.1% |
| 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 | 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 | 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 | 2026-10-21 | [Soybean Oil Prices Decline Amid Rising US Production and Crushing Slowdown; Indian Demand Bolsters Sunflower Oil Market \| Tridge Insights](https://feedsoft.ai/events/504-soybean-oil-prices-decline-amid-rising-us-production-and-crushing-slowdown.md) | +0.5% | — |
| SOY | 2025-02-11 | [USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady](https://feedsoft.ai/events/25987-usda-defies-expectations-holds-corn-and-soybean-ending-stocks-steady.md) | -1.0% | -4.9% |
| SOY | 2021-01-13 | [USDA Lowers Soybean Stocks and Corn Yield](https://feedsoft.ai/events/49088-usda-lowers-soybean-stocks-and-corn-yield.md) | -3.7% | -4.8% |
| SOY | 2022-08-10 | [Ukraine. Ending stocks of sunflower seed and soybeans remain at a record high, despite export shipments recovery 10.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40148-ukraine-ending-stocks-of-sunflower-seed-and-soybeans-remain-at-a-record-high.md) | -14.1% | -13.4% |

## Sources

- 680kfeq.com: https://www.680kfeq.com/2022/12/14/lower-soybean-oil-demand-means-higher-ending-stocks/

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