The US soybean oil stock is projected to reduce consistently from 216,000 metric tons in 2024 to 325,000 metric tons by 2028. The predicted decrement from 2023 levels, which stood at a positive figure differing starkly from the negative values forecasted, suggests a shrinking supply environment. Year-on-year variation indicates an increase of approximately 13% in depletion rate, with a compound annual growth rate (CAGR) of the stock reduction at around 11.8% over the five-year forecast period.
Future trends to watch for include potential impacts from climate change on soybean yield, shifts in US agricultural policy, and international trade agreements affecting supply chain dynamics.
