Grains and Oilseeds Outlook USDA
Soybean Supply, Demand, and Price Outlook for 2023/24 (Tables 3, 4 & 5) The 2023/24 outlook for U.S. soybeans is for higher supplies, crush, exports, and ending stocks. Soybean supplies are projected at 4.8 billion bushels, 4 percent above 2022/23 with
USDA ERS - Market Outlook
In the March Prospective Plantings report, the U.S. Department of Agriculture, National Agricultural Statistic Service indicated that farmers intend to plant 87.5 million acres of soybeans in 2023, which is marginally higher than the last marketing year, but it remains below reported market expectations.
USDA 2023/24 U.S. Grains and Oilseed Outlook
•Exports up for meal and oil •Price for both products projected down on larger supplies 2021/22 2022/23 2023/24 Change yr/yr Soybean Meal Production 51,811 52,639
Oil Crops Outlook: February 2023 - USDA ERS
Contrary to soybean meal, the outlook for foreign demand of U.S. soybean oil remains bleak. High U.S. prices compared with competitors have led to low U.S. sales. As of January 26, total soybean oil commitments were just shy of 91.3 million pounds. For context, this is 8.5 percent of soybean oil commitments during the same time last year.
Oil Crops Outlook: January 2023 USDA ERS
5 Oil Crops Outlook: January 2023, OCS-23a, January 17, 2023 USDA, Economic Research Service stocks are unchanged this month at 1.9 billion pounds, compared with the
2023 Soybean Outlook 2023 Soybean Outlook - Farm Progress
2023 Soybean Outlook Soybean prices have increased from $8.57/bu. in 2019 to $14.00/bu. in 2022. With the current uncertainty in world markets and drought conditions, it will require most of that price increase to offset the risk. Trent Milacek, Mark Welch February 8, 2023 4 Min Read
USDA Forecasts Bigger Crops, Lower Prices for 2023-24 Crops
CORN. USDA forecasts higher corn production for the 2023-24 crop year with 91 million acres planted and a record yield of 181.5 bushels per acre, producing a
Vegetable oil refining is expanding in the US - Fastmarkets
By the end of 2023, if all expansion plans go ahead, we estimate crush capacity will increase to 2.35 billion bushels. Soybean oil production will increase to 27 billion lbs, and vegetable oil refining to 16.8 billion lbs. Despite these increases, vegetable oil refining capacity will still fall short of our predictions of demand.
Prefeasibility Report on a Soybean Oil Manufacturing Plant
May 09, 2023 (SUPER MARKET RESEARCH via COMTEX) -- Syndicated Analytics’ latest report titled "Soybean OilProject Report: Industry Trends, Manufacturing...
Soybean processing growth is crushing it
Several large renewable diesel plants are planned for the New Orleans area, which would need the soybean oil. North Dakota would transition from utilizing less than 10% of its soybean production to about 50%, and Nebraska would transition from 42% to 80%. The soybean sector is expanding to meet upcoming growth in demand.
