Vegetable oil imports partly fill in for thinning US soyoil stocks

Low shipment: People converse in a soybean field during harvest season in Deerfield, Ohio. The US soybean oil exports are seen at all-time lows in 2023-2024, accounting for about 1% of global trade. — Reuters

THE US soybean oil supplies have declined significantly in the last couple of months, but so have prices, which is counter intuitive.

Increasing volumes of vegetable oil (vegoil) being imported could at least partially explain this.