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Soybean oil faces two opposing trends: US biofuel producers are consuming more of the oil while soybean crushing is rising, increasing oil supply. After a sharp prior rally, prices are retreating and testing an important technical level, according to a 2 November analysis.
USDA expects 17.8 billion pounds of soybean oil to go into biofuel production in 2026/27, over 20% more year on year, equal to about 54% of domestic use.
Biofuel demand supports soybean oil prices, but higher crush output adds supply and could cap gains. Buyers of soybean meal and oil should expect range-bound pricing unless biofuel margins or competing feedstock prices shift.
argoscapital.czVojtěch ŠpačekNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
