# NOPA: US Soybean Oil Stocks Fell For 7 Consecutive Months At The End Of November - News - Jiaao Enprotech

> NOPA reported that member crushers processed about 167 million bushels of soybeans in November 2018, below October's 172.3 million but a record for the month. US soybean oil stocks on November 30 were 1.484 billion pounds, the seventh straight monthly decline and below analyst expectations of 1.504 billion. Soybean meal exports in November were 901,449 tons, down from October.

- Date: 2018-12-23 · published 2018-12-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/61638-nopa-us-soybean-oil-stocks-fell-for-7-consecutive-months-at-the-end-of-november
- 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

Steady crush and falling oil stocks tighten near-term soybean oil supply, which supports oil prices, while meal exports slipping eases pressure on meal supply. Overall the report is a routine monthly data point with modest price impact.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-28 | [NOPA shows tighter soybean oil stocks - McKeany-Flavell](https://feedsoft.ai/events/10706-nopa-shows-tighter-soybean-oil-stocks-mckeany-flavell.md) | -6.0% | -8.0% |
| SBO | 2022-01-05 | [Soybean oil edible use up 9.5% in November - McKeany-Flavell](https://feedsoft.ai/events/43240-soybean-oil-edible-use-up-9-5-in-november-mckeany-flavell.md) | +0.7% | +6.3% |
| SBO | 2018-04-02 | [MIDF: Lower US soybean supply a positive for CPO \| The Star](https://feedsoft.ai/events/65611-midf-lower-us-soybean-supply-a-positive-for-cpo-the-star.md) | -1.1% | -4.5% |
| SBO | 2025-01-15 | [Why is the world suddenly clamoring for US soybean oil? \| Food Business News](https://feedsoft.ai/events/8104-why-is-the-world-suddenly-clamoring-for-us-soybean-oil-food-business-news.md) | +1.2% | +3.1% |
| SBO | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +1.6% | +11.7% |
| SBM | 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) | -3.4% | +1.0% |
| SBM | 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) | -1.5% | +1.2% |
| SBM | 2022-07-20 | [China's sow herd at end-June up for second straight month \| Reuters](https://feedsoft.ai/events/40469-china-s-sow-herd-at-end-june-up-for-second-straight-month-reuters.md) | +7.6% | +1.3% |

## Sources

- jiaaoplasticizers.com: https://www.jiaaoplasticizers.com/news/nopa-us-soybean-oil-stocks-fell-for-7-consecu-19835638.html

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