Analysts project that for the week ending April 23, 2026, U.S. net export sales of soybean oil will range between -10,000 and +10,000 metric tons. By comparison, in the preceding week, net sales of U.S. soybean oil for the 2024/25 marketing year totaled 1,500 metric tons.

The report indicates that the projected net export sales of U.S. soybean oil for the week ending April 23, 2026—estimated to fall between -10,000 and +10,000 tons—represent a significant decline compared to the 1,500 tons in net sales recorded the previous week, signaling weakening demand. This is expected to exert bearish pressure on spot prices, as sluggish export demand could exacerbate inventory pressures and drive prices lower. When viewed in conjunction with soybean oil futures market data (e.g., the closing price of 8,573 RMB/ton for the benchmark contract 2609 on April 29, 2026—up 10 points), the lackluster export figures may dampen future demand expectations. Consequently, this poses a generally bearish risk to futures prices; market sentiment could shift toward caution, particularly given the high level of open interest in the benchmark contract (705,584 lots).

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