US soybean oil exports are expected to rise by 5% year on year in the 2025/26 marketing year to a projected 1.675 billion lbs, the USDA said in its Grains and Oilseeds Outlook for 2025, released on Thursday February 27 during the agency’s Agricultural Outlook Forum.
The USDA said the anticipated increase in US exports — which compares with a forecasted 1.6 billion lbs for the 2024//25 marketing year and to 617 million lbs in 2023/24 — was due in part to the fact that other major vegetable oil-producing countries —like Indonesia and Brazil — will divert vegetable oil supplies to their domestic biofuel programs.
US soyoil exports already started to surge in the final quarter of 2024, as US domestic prices became much more competitive to not only soybean oil in South America but to most other rival edible oils around the world.
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