The price of US soybean oil is influenced by various factors including supply and demand dynamics, weather conditions, government policies, and global market trends. Understanding these factors and regularly monitoring market developments is crucial for stakeholders in the soybean oil industry.

Soybeans rose to 1,007.26 USd/Bu on July 24, 2025, up 0.15% from the previous day. Over the past month, Soybeans's price has fallen 1.75%, and is down 9.48% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on July of 2025.

US soybean oil futures are influenced by factors such as supply and demand dynamics, weather conditions, government policies, and overall economic factors. Traders can profit from price changes or hedge against declines.

Get the latest insights on price movement and trend analysis of Crude Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This statistic depicts the average annual prices for soybeans from 2014 through 2026*. In 2024, the average price for soybeans stood at 462 nominal U.S. dollars per metric ton.

The North American soybean oil market in Q1 2025 is characterized by tightening supply conditions amid downward revisions in regional soybean production due to lower yields and acreage. Demand remains robust, driven by sustained import requirements from key global buyers and increased biodiesel sector consumption. Supply constraints from competing producing regions and rising shipping costs further support export prices. Market sentiment reflects cautious inventory liquidation early in the quarter, transitioning to a more bullish outlook as supply concerns intensify and export competitiveness improves with a weaker US dollar.

In July 2022, the soybean oil price per ton stood at $1,686, declining by -6.9% against the previous month.

Graph and download economic data for Global price of Soybeans Oil (PSOILUSDM) from Jan 1990 to Jun 2025 about beans, oil, World, food, and price.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment was 152.31400 Index Dec 2007=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment reached a record high of 152.79200 in March of 2025 and a record low of 69.20000 in August of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment - last updated from the United States Federal Reserve on July of 2025.

This statistic depicts the average monthly prices for soybean oil worldwide from January 2014 through June 2025. In June 2025, the average monthly price for soybean oil worldwide stood at ******** nominal U.S. dollars per metric ton.

Discover why the demand for soybean oil in the United States is expected to rise over the next decade, leading to projected market volume of 14M tons and value of $17.6B by 2035.

US Soy Oil Futures, also known as Soybean Oil Futures, are financial contracts that represent an agreement to buy or sell a standardized quantity of soybean oil at a predetermined price and future delivery date on a commodities exchange. These futures contracts are traded on the Chicago Mercantile Exchange (CME), which is one of the largest futures exchanges in the world. Learn more about the key factors influencing the price of US Soy Oil Futures and how traders and investors can utilize these contracts to

Graph and download economic data for Global price of Soybeans Oil (PSOILUSDQ) from Q1 1990 to Q2 2025 about beans, oil, World, food, and price.

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

Soybean Oil Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Soybean Oil, All Other Types (WPU064101312) from Dec 2007 to Jun 2025 about chemicals, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

United States Long Term Projections: Soybean Oil: Soybean Oil Price data was reported at 0.360 USD/lb in 2034. This stayed constant from the previous number of 0.360 USD/lb for 2033. United States Long Term Projections: Soybean Oil: Soybean Oil Price data is updated yearly, averaging 0.365 USD/lb from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 0.653 USD/lb in 2022 and a record low of 0.360 USD/lb in 2034. United States Long Term Projections: Soybean Oil: Soybean Oil Price data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

Learn about the projected growth of the soybean oil market in the United States, with an expected increase in both volume and value over the next decade.

Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

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Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment (WPU064101311) from Dec 2007 to Jun 2025 about chemicals, oil, commodities, PPI, inflation, price index, indexes, price, and USA.