Soybean Oil Prices

09-12-2025 - Over the past month, soybean oil prices have experienced a modest increase, climbing from 49.35 ¢/lb to 50.9 ¢/lb, reflecting steady demand for this crucial raw material. The forecast anticipates a further rise to 51.56 ¢/lb, a 1.3% increase from the current price, suggesting a generally stable trend with minimal risk, as the price change is only 0.66 ¢/lb.

The current forecast presents mixed signals: while technical data, influenced by Futures Curve and Calendar Effects, suggests a potential price decrease of -0.49 ¢/lb, factors such as demand, flows, and supply data indicate upward price pressure, creating uncertainty in raw material pricing. Recent developments in the soybean market support a potential upward trend, consistent with the forecasted price increase to 51.56 ¢/lb in the coming month. Notably, on December 8, 2025, soybean futures on the Chicago Board of Trade saw a significant surge in trading volume, reaching 339,666 contracts, up from 255,212 contracts the previous Friday. This increased trading activity signals heightened market interest and could foreshadow rising prices.

Additionally, China's soybean imports in November 2025 rose by 13.43% year-on-year to 8.11 million metric tons, driven by strong demand from Brazil and the U.S. This robust demand from a major consumer like China supports expectations of higher soybean prices in the near future. Collectively, these factors bolster the forecasted upward movement in soybean prices over the next month.