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U.S. soybean oil inventories totaled 660,000 tonnes at the end of September, down 17% year over year and the lowest level since December 2014. Strong biodiesel and renewable-diesel demand, alongside September soybean crush falling to a 13-month low, contributed to the decline; analysts cautioned that some stocks may not be captured in official figures.
Low reported stocks and strong biofuel consumption tighten available soybean oil supplies, supporting soybean oil prices. Slower crushing may also constrain soybean meal output, though the article’s main supply signal is for oil.
ukragroconsult.comNov 7, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.
