SunSirs: US Soybean Oil Inventory Surges More Than Expected
March 04 2026 13:38:57 SunSirs (Selena)
The oil report released by the US Department of Agriculture shows that US soybean oil inventories in January were 2.43 billion pounds, an increase of 11.7% month on month and a surge of 33.9% year-on-year. This data also exceeded market expectations, reaching the highest level since April 2023.
The report from the US Department of Agriculture shows that soybean oil inventories reached 2.43 billion pounds in January, a month on month increase of 11.7% and a year-on-year surge of 33.9%, far exceeding market expectations and reaching the highest level since April 2023. This indicates a severe oversupply and downward pressure on spot prices, as high inventory suggests insufficient demand. At the same time, combined with the latest futures market (such as the closing price of soybean oil main contract 2605 on Dalian Commodity Exchange at 8,350 RMB/ton, up 78 RMB), the news of inventory surge may reverse the recent rise, leading to downward pressure on futures prices and significant negative impact.
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