Soybean Oil Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2021/22
April
2021/22
May
2021/22
Change
2022/23
May
Million Pounds
Beginning Stocks 2,131 2,131 0 1,976
Production 26,205 26,205 0 26,430
Imports 450 450 0 500
Total Supply 28,786 28,786 0 28,906
Domestic Disappearance 25,085 25,085 0 25,800
Biofuel 10,700 10,700 0 12,000
Food, Feed, & other Industrial 14,385 14,385 0 13,800
Exports 1,725 1,725 0 1,400
Total Use 26,810 26,810 0 27,200
Ending Stocks 1,976 1,976 0 1,706
Other
Average Price(¢/pound) 70 75 5 70
Stocks to Use (%) 7.37 7.37 0 6.272


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