In 2023, US soybean oil production stood at 11.61 million metric tons. Forecasted data for 2024-2028 suggest a steady increase in production, growing year-on-year by 1.43% in 2025, 1.39% in 2026, 1.35% in 2027, and 1.29% in 2028. The Compound Annual Growth Rate (CAGR) over five years is around 1.37%, indicating a consistent upward trend.
Future trends to watch for include changes in biofuel demand, advancements in soybean crop yields due to technological innovations, and potential shifts in US agricultural policy that could further influence production levels.
