Soybean Oil Ending Stocks Forecast

Source: USDA OCE
GrainStats.com


WASDE 2021/22
October
2021/22
November
2021/22
Change
2022/23
October
2022/23
November
2022/23
Change
Million Pounds
Beginning Stocks 2,131 2,131 0 2,051 1,999 -52
Production 26,165 26,143 -22 26,195 26,310 115
Imports 305 303 -2 500 500 0
Total Supply 28,601 28,578 -23 28,746 28,809 63
Domestic Disappearance 24,775 24,805 30 25,500 25,650 150
Biofuel 10,200 10,350 150 11,800 11,800 0
Food, Feed, & other Industrial 14,575 14,455 -120 13,700 13,850 150
Exports 1,775 1,773 -2 1,400 1,300 -100
Total Use 26,550 26,578 28 26,900 26,950 50
Ending Stocks 2,051 1,999 -52 1,846 1,859 13
Other
Average Price(¢/pound) 72.98 72.98 0 69 69 0
Stocks to Use (%) 7.725 7.521 -.204 6.862 6.898 .036


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