For the week ending April 30, 2026, U.S. net sales of soybean oil for the 2025/26 marketing year totaled 1,000 metric tons—a decrease of 72% from the previous week and 15% below the four-week average. This figure aligns with market expectations.

The substantial 72% week-over-week decline (and 15% drop from the four-week average) in U.S. net soybean oil sales for the week ending April 30, 2026, signals weak external demand. This serves as a bearish factor for soybean oil prices; however, given that the data fell within market expectations, the extent of this bearish impact is considered moderate. On the spot market side, subdued demand is expected to weigh on domestic spot soybean oil prices. On the futures market side, on May 7, 2026, the Dalian Commodity Exchange (DCE) benchmark soybean oil futures contract (Contract 2609) closed at 8,581 yuan per metric ton—down 80 yuan per ton—with open interest decreasing by 11,888 lots. This indicates a strong bearish sentiment prevailing in the market, and this news is expected to continue exerting downward pressure on soybean oil futures trends.

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