Bull Soybean oil Market

Soybean oil prices have moved sharply higher since the completion of harvest. A depletion in world and U.S. soybean oil stocks has been the dominate force behind the stronger oil market.

USDA has forecast a sharp increase in Biofuel use which has strengthened soybean oil demand. Soybean meal export demand has dragged since mid fall which has forced oil to carry a larger share of the crush margin.