Wedoany.com Report-Aug. 25, According to the National Oilseed Processors Association (NOPA), U.S. soybean processing in July 2025 reached 5.6 million tons, setting a new monthly record. This result exceeded market expectations and showed a 4.3% increase compared with June, when processing totaled 5.37 million tons. It was also 6.5% higher than the level recorded in July 2024, which stood at 5.26 million tons.

Since the beginning of the 2024/25 marketing year, cumulative soybean processing has amounted to 61.2 million tons. This figure represents a 6.3% increase from the same period in the 2023/24 season, when total processing was 57.6 million tons. The sustained growth highlights the strong pace of U.S. soybean crushing operations this year.

Despite the higher volumes of processing, soybean oil stocks in July increased only slightly. Inventories rose by just 1% compared with the previous month but remained 8% lower than in July 2024. The limited recovery in stocks is linked to robust domestic demand, which has reduced the amount of oil available for storage.

Consumption of soybean oil reached an 8-month peak in July, totaling 1.1 million tons. According to NOPA specialists, demand continues to show steady growth. They noted: “Demand for soybean oil continues to grow, which may affect market prices and logistics in the coming months.” This trend reflects the ongoing expansion of domestic use, which is influencing inventory levels despite record processing volumes.

The combination of record-high soybean processing and strong oil consumption underlines the current dynamics of the U.S. oilseed sector. Processing plants are operating at elevated capacity, contributing to higher output of soybean products. At the same time, strong domestic demand for soybean oil is offsetting the increase in production, leading to only a modest rise in inventories.

In comparison with the previous season, both processing volumes and oil consumption have reached higher levels, showing a clear upward trend. The steady rise in cumulative processing since the beginning of the season reinforces this pattern. Meanwhile, the contrast between strong processing growth and slower inventory recovery illustrates the impact of domestic consumption on supply balances.

Looking ahead, the balance between processing activity, consumption, and inventory levels will play a key role in shaping market conditions. If consumption continues to expand, it may support higher price levels and create further pressure on logistics. The July results emphasize that the soybean sector is currently driven by both strong processing performance and resilient demand for soybean oil within the U.S. market.