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 fell to 1,046.26 USd/Bu on September 17, 2025, down 0.33% from the previous day. Over the past month, Soybeans's price has risen 2.50%, and is up 3.18% 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 September 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.

View monthly updates and historical trends for Soybean Oil Price (Any Origin). Source: World Bank. Track economic data with YCharts analytics.

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.

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.

Why did the Soybean Oil Price Change in July 2025? In Q2 2025, North America’s soybean oil market showed a consistent upward trend with an average quarter-over-quarter price increase of approximately 3.87%, and the soybean oil spot price reaching USD 1,115 per unit in June.

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).

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

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.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment was 162.13800 Index Dec 2007=100 in July 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 162.13800 in July 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 September 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.

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

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 Aug 2025 about chemicals, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Discover why the demand for refined soybean oil in the United States is on the rise and how the market is expected to grow over the next decade with a forecasted increase in both volume and value.

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.

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.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Soybean Oil, Processed for Inedible Purposes (WPU06410131) from Jan 2004 to Aug 2025 about processed, chemicals, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Export Price Index (End Use): Soybeans and Other Oil Seeds and Food Oils (IQ001) from Dec 1984 to Aug 2025 about end use, oil, exports, price index, indexes, price, and USA.