Soybean Oil Trade Long Term Projections 2018 to 2030

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This dataset shows the long-run projections (Soybean Oil Trade) for the US agricultural sector to 2029 includes assumptions for the US and international macroeconomic conditions and projections for major commodities, farm income, and the US agricultural trade value. Values are from the publication United States Department of Agriculture (USDA) Agricultural Projections to 2029, October 2019.

Complexity

United States Department of Agriculture (USDA) long-term agricultural projections presented in this report are a departmental consensus on a long run scenario for the agricultural sector. These projections provide a starting point for discussion of alternative outcomes for the sector. The projections in this report were prepared during October through December 2017, with the Agricultural Act of 2014 assumed to remain in effect through the projection period. The scenario presented in this report is not a USDA forecast about the future. Instead, it is a conditional, long run scenario about what would be expected to happen under a continuation of current farm legislation and other specific assumptions.

Critical long-term assumptions are made for U.S. and international macroeconomic conditions, US and foreign agricultural and trade policies, and growth rates of agricultural productivity in the United States and abroad. The report assumes that there are no domestic or external shocks that would affect global agricultural supply and demand. Normal weather is assumed. Changes in any of these assumptions can significantly affect the projections, and actual conditions that emerge will alter the outcomes. The report uses as a starting point the short-term projections from the November 2017 World Agricultural Supply and Demand Estimates report. The macroeconomic assumptions were completed in October 2019.

The projections analysis was conducted by interagency committees in USDA and reflect a composite of model results and judgment-based analyses. The Economic Research Service had the lead role in preparing the departmental report. The projections and the report were reviewed and cleared by the Interagency Agricultural Projections Committee, chaired by the World Agricultural Outlook Board. USDA participants in the projections analysis and review include the World Agricultural Outlook Board; the Economic Research Service; the Farm Service Agency; the Foreign Agricultural Service; the Agricultural Marketing Service; the Office of the Chief Economist; the Office of Budget and Program Analysis; the Risk Management Agency; the Natural Resources Conservation Service; and the National Institute of Food and Agriculture.

Date Created

2016-02-01

Last Modified

2020-02-14

Version

2020-02-14

Update Frequency

Annually

Temporal Coverage

2018-2030

Spatial Coverage

United States

Source

John Snow Labs; United States Department of Agriculture (USDA);

Source License URL

Source License Requirements

N/A

Source Citation

United States Department of Agriculture (USDA), Release 2016.

Keywords

US Agricultural Projections, Projections for Major Commodities, USDA Agricultural Projections, US Macroeconomic Conditions, US Agricultural Supply and Demand Report, Soybean Oil, Soybean Meal Prices, Soy Bean Prices, Agricultural Commodities Trading, Soybean Price History

Other Titles

Soybean Oil Trade Projections, Soybean Trade and Prices in US

NameDescriptionTypeConstraints
CountryExporters and importers country namestring-
ItemSoybean Oil Trade list regarding plantation, harvesting, usage, prices and exportsstring-
Year_2018_To_2019Forecasted Soybean Oil Trade for year 2018 to 2019numberlevel : Ratio
Year_2019_To_2020Forecasted Soybean Oil Trade for year 2019 to 2020numberlevel : Ratio
Year_2020_To_2021Forecasted Soybean Oil Trade for year 2020 to 2021numberlevel : Ratio
Year_2021_To_2022Forecasted Soybean Oil Trade for year 2021 to 2022numberlevel : Ratio
Year_2022_To_2023Forecasted Soybean Oil Trade for year 2022 to 2023numberlevel : Ratio
Year_2023_To_2024Forecasted Soybean Oil Trade for year 2023 to 2024numberlevel : Ratio
Year_2024_To_2025Forecasted Soybean Oil Trade for year 2024 to 2025numberlevel : Ratio
Year_2025_To_2026Forecasted Soybean Oil Trade for year 2025 to 2026numberlevel : Ratio
Year_2026_To_2027Forecasted Soybean Oil Trade for year 2026 to 2027numberlevel : Ratio
Year_2027_To_2028Forecasted Soybean Oil Trade for year 2027 to 2028numberlevel : Ratio
Year_2028_To_2029Forecasted Soybean Oil Trade for year 2028 to 2029numberlevel : Ratio
Year_2029_To_2030Forecasted Soybean Oil Trade for year 2029 to 2030numberlevel : Ratio
CountryItemYear 2018 To 2019Year 2019 To 2020Year 2020 To 2021Year 2021 To 2022Year 2022 To 2023Year 2023 To 2024Year 2024 To 2025Year 2025 To 2026Year 2026 To 2027Year 2027 To 2028Year 2028 To 2029Year 2029 To 2030
ChinaImports, million metric tons0.81.21.21.21.31.31.31.41.41.51.61.6
IndiaImports, million metric tons3.33.53.63.83.93.94.04.14.24.44.54.6
BangladeshImports, million metric tons1.01.11.11.11.11.11.21.21.21.21.21.2
PakistanImports, million metric tons0.20.10.10.10.20.20.20.20.20.20.30.3
South East AsiaImports, million metric tons0.30.30.30.30.30.30.30.30.30.30.40.4
Other Asia & OceaniaImports, million metric tons0.50.50.50.50.50.50.60.60.60.60.60.6
MexicoImports, million metric tons0.20.20.20.20.20.20.20.20.20.20.20.2
Central Amer & CraibbeanImports, million metric tons0.50.50.50.60.60.60.60.60.60.60.70.7
South AmericaImports, million metric tons1.41.41.41.51.51.51.61.61.61.61.71.7
IranImports, million metric tons0.10.20.10.10.10.10.10.10.10.10.10.1
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