Implied US soybean oil demand continues to fall in December

Implied US soybean oil demand continues to fall in December

Alexandra Watts | 01.15.2025

Implied US domestic soybean oil continued to falter in December 2024, with stockpiles jumping by 14% in December 2024, according to monthly crush data released on Wednesday January 10 by the National Oilseed Processors Association (NOPA). US soybean stocks rose to 1.236 billion lb, their highest since July 2024.

NOPA also reported that US soybean crush set an all-time high in December 2024 at 206.604 million bushels, with several new processing plants beginning operations at the end of 2024.

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