USDA World Soybean Oil Supply-Demand - April 2018



                      World Soybean Oil Supply and Use
                              (Million Metric Tons)
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                                    Supply                Use
                           Stocks     tion  Imports Domestic  Exports   Stocks
Region                  Beginning  Produc-          Total     Exports   Ending
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                                    201  16
World                        4.31    51.56    11.64    52.07    11.77     3.67
United States                0.84     9.96     0.13     9.15     1.02     0.77
Total Foreign                3.47    41.60    11.51    42.93    10.75     2.90
  Major Exporters            0.95    18.90     0.39    11.41     8.16     0.67
    Argentina                0.37     8.43     0.00     2.83     5.70     0.27
    Brazil                   0.39     7.63     0.07     6.29     1.55     0.24
    European Union           0.20     2.84     0.33     2.29     0.92     0.16
  Major Importers            1.57    15.92     6.85    22.90     0.17     1.27
    China                    0.78    14.61     0.59    15.35     0.10     0.52
    India                    0.52     0.99     4.27     5.20     0.00     0.58
    North Africa             0.27     0.32     2.00     2.35     0.07     0.17
                                  201  17 Est.
World                        3.67    53.86    10.90    53.66    11.29     3.48
United States                0.77    10.04     0.15     9.01     1.16     0.78
Total Foreign                2.90    43.83    10.76    44.65    10.13     2.70
  Major Exporters            0.67    18.98     0.35    11.77     7.46     0.77
    Argentina                0.27     8.40     0.00     2.97     5.39     0.31
    Brazil                   0.24     7.85     0.06     6.59     1.24     0.32
    European Union           0.16     2.74     0.29     2.21     0.83     0.15
  Major Importers            1.27    17.89     5.81    23.68     0.21     1.08
    China                    0.52    15.77     0.71    16.35     0.12     0.54
    India                    0.58     1.62     3.53     5.30     0.00     0.43
    North Africa             0.17     0.50     1.56     2.03     0.09     0.11
                                  201  18 Proj.
World
                     Mar     3.39    56.16    10.75    56.28    10.89     3.14
                     Apr     3.48    55.74    10.26    55.75    10.61     3.12
United States
                     Mar     0.78    10.27     0.14     9.53     0.86     0.79
                     Apr     0.78    10.32     0.14     9.44     0.91     0.89
Total Foreign
                     Mar     2.62    45.89    10.62    46.75    10.02     2.35
                     Apr     2.70    45.42    10.12    46.32     9.70     2.22
  Major Exporters
                     Mar     0.77    19.41     0.31    12.46     7.39     0.64
                     Apr     0.77    18.97     0.31    12.42     7.00     0.64
    Argentina
                     Mar     0.31     8.40     0.00     3.39     5.12     0.20
                     Apr     0.31     7.95     0.00     3.29     4.75     0.22
    Brazil
                     Mar     0.32     8.25     0.06     6.92     1.45     0.26
                     Apr     0.32     8.25     0.06     6.92     1.45     0.26
    European Union
                     Mar     0.15     2.76     0.25     2.16     0.82     0.18
                     Apr     0.15     2.77     0.25     2.22     0.80     0.16
  Major Importers
                     Mar     0.96    19.18     5.66    24.75     0.18     0.87
                     Apr     1.08    19.10     5.46    24.52     0.28     0.84
    China
                     Mar     0.54    17.02     0.48    17.40     0.10     0.54
                     Apr     0.54    17.02     0.45    17.25     0.20     0.56
    India
                     Mar     0.30     1.58     3.55     5.20     0.00     0.22
                     Apr     0.43     1.49     3.35     5.10     0.00     0.17
    North Africa
                     Mar     0.12     0.58     1.63     2.15     0.08     0.11
                     Apr     0.11     0.58     1.66     2.17     0.08     0.11
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