Soybean oil price level, mid‑2026: - USDA/ERS and related outlooks for MY 2025/26 have progressively raised the U.S. season‑average soybean oil price toward the upper‑50‑cents range per pound on stronger demand, with April 2026 Oil Crops Outlook explicitly raising the 2025/26 price forecast from 55¢/lb (prior month) to a higher level as crush and biofuel use tightened the balance sheet. - Western Producer, summarizing USDA Agricultural Outlook Forum projections, reports MY 2026/27 average U.S. soybean oil price forecast at about US$0.58/lb, roughly a 9.4% gain over 2025/26, as ending stocks ar

Soybean oil price level, mid‑2026: - USDA/ERS and related outlooks for MY 2025/26 have progressively raised the U.S. season‑average soybean oil price toward the upper‑50‑cents range per pound on stronger demand, with April 2026 Oil Crops Outlook explicitly raising the 2025/26 price forecast from 55¢/lb (prior month) to a higher level as crush and biofuel use tightened the balance sheet. - Western Producer, summarizing USDA Agricultural Outlook Forum projections, reports MY 2026/27 average U.S.

soybean oil price forecast at about US$0.58/lb, roughly a 9.4% gain over 2025/26, as ending stocks are projected to fall by about 170 million lb. - The American Soybean Association (ASA) notes USDA raised 2025/26 soybean oil season‑average prices 4¢/lb (around 7%) to about $0.59/lb in the April 2026 WASDE on stronger biofuel‑driven demand, with nearby May 2026 futures responding higher. Demand‑side drivers (2025/26 into 2026/27): - Biofuel is the primary incremental demand engine.

USDA projections used at the 2026 Agricultural Outlook Forum assume higher Renewable Fuel Standard volume obligations (RVOs) for 2026–27, with additional credit advantages for U.S.‑sourced feedstocks; this steers biomass‑based diesel (BBD) producers toward U.S. soybean oil. - At the Forum, USDA’s Bryn Swearingen highlighted “voracious” U.S.

soybean oil demand, projecting biofuel consumption at 17.3 billion lb in 2026/27, up 2.5 billion lb from 2025/26, and a resulting decline in ending stocks of ~170 million l

What this means for buyers

Procurement teams should maintain flexible sourcing strategies for Soybean Oil given the evolving market dynamics. Monitor supply-side developments, inventory trends, and demand signals from end-use sectors. Consider layered hedging against price volatility and diversify supplier exposure to manage risk.