2022/23 US Soybean Oil Market Outlook
The monthly supply and disappearance estimate in the table above (red font) are formulated based on the March WASDE’s annual estimates, cumulative supply and disappearance figures, and forward projections based on seasonal production and disappearance trends. On the supply side, the USDA forecasts annual soyoil production of 26,195 Mil Lbs, a fractional increase over last…