USDA WASDE Report (December 2025)
10-Dec-2025 08:13 AM
USDA WASDE Report (December 2025)
★ Soymeal & Soyoil — Production, Import, Export, Stock Estimates (2024-25/2025-26)
Soymeal
World
★ Global soymeal production in 2025-26 is estimated at 2866.4 lakh tons, 55.10 lakh tons higher than last year.
★ Domestic consumption is projected at 2830.8 lakh tons, up by 102.70 lakh tons from the previous year.
★ Ending stocks stand at 188.2 lakh tons, almost unchanged with a marginal rise of 0.40 lakh tons.
★ Conclusion: Both production and consumption have increased. However, consumption is rising faster, keeping stocks nearly steady. Global supply appears balanced.
~~~~~~
India
★ India’s soymeal production in 2025-26 is estimated at 74.2 lakh tons, significantly lower than last year’s 88 lakh tons (a drop of 13.80 lakh tons).
★ Domestic consumption is 69.8 lakh tons, 10.80 lakh tons higher.
★ Exports declined sharply to 7.5 lakh tons from 17.8 lakh tons (down by 10.30 lakh tons).
★ Ending stocks stand at 2.7 lakh tons with a slight increase of 0.50 lakh tons.
★ Conclusion: Production and exports have declined sharply, while consumption increased. Stocks remain tight. Prices may remain firm due to limited availability.
~~~~~~~~~
Soyoil
Global
★ Production is estimated at 706.1 lakh tons, 7.30 lakh tons higher than previous estimates.
★ Global imports reduced to 122.6 lakh tons (down by 17 lakh tons).
★ Ending stocks stand at 58.9 lakh tons (a reduction of 5.30 lakh tons).
★ Conclusion: Production has increased, but imports and stocks have declined. Strong consumption could support prices.
~~~~~
India
★ Production estimated at 16.7 lakh tons (down by 3.10 lakh tons).
★ Imports at 42.5 lakh tons, sharply lower from 54.7 lakh tons (down by 12.20 lakh tons).
★ Domestic use slightly increased to 65.7 lakh tons.
★ Ending stocks at 8.9 lakh tons, up by 6.70 lakh tons compared to last year.
★ Conclusion: Production is lower but stocks have improved. Reduced import demand may keep domestic prices stable to firm.
~~~~~~~~
Market Signals
★ Tight global oil stocks could support prices.
★ Lower soymeal production in India may impact the feed industry.
★ Reduced soyoil imports may keep Indian market prices steady to firm.