Soybean oil stocks are projected lower as reduced production more than offsets larger imports and a higher extraction rate. Soybean oil imports
are raised on large shipments from Canada.
The 2015/16 season-average soybean price range projection is unchanged at $8.05 to $9.55
per bushel. Soybean meal and oil price projections are also unchanged at $270 to $310 per
short ton and 28.5 to 31.5 cents per pound, respectively.