The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports is within market expectations, a decrease of 22% from the previous week and a year-on-year decrease of 46%. As of the week ending December 11, 2025, the inspection volume of US soybean exports was 795,661 tons, compared to the revised 1,025,007 tons last week and 1,696,424 tons in the same period last year.
The inspection volume of US soybean exports decreased by 22% on a weekly basis, a significant year-on-year decrease of 46%, indicating a significant weakening of international demand, which may lead to inventory accumulation and pressure on soybean spot prices. Although within the expected range of the market, the decline is significant and has a general to significant negative impact on the spot market.
As a soybean derivative, the reduction in soybean exports may lower the demand for crushing, thereby affecting the cost of soybean oil. Combined with soybean oil futures data (such as the closing price of the main contract 2605 at 7,872 RMB/ton, down 46 RMB, and an increase in holdings of 21,676 lots), it shows a recent downward trend, which strengthens bearish expectations and has a general negative impact on futures prices.
The decrease in soybean export inspection volume may affect the supply and cost of soybean meal, and have a negative impact on the spot price of soybean meal. Weakening demand may lead to increased inventory pressure, pressure on prices, and create a general bearish sentiment.
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