# Will US court ruling affect demand for soybean oil and meal?

> A recent US federal appeals court decision allowed small oil refiners to bypass Renewable Fuels Standard blending mandates. Chicago soybean oil futures fell for a sixth straight session, with September contracts down nearly 9%, and soybeans slid to near three-year lows.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced biofuel blending mandates lower demand for soybean oil used in renewable diesel and SAF, which pressures soy oil and, through crush margins, soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-07-29 | 5 | -7.5% | -3.6 | RFS appeals court ruling hit soybean oil demand outlook, with soyoil down six sessions and soybeans near three-year lows, pressuring the crush-driven complex. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-06-28 | [Palm falls as US court ruling stokes demand worries for rival soyoil - Markets - Business Recorder](https://feedsoft.ai/events/46659-palm-falls-as-us-court-ruling-stokes-demand-worries-for-rival-soyoil-markets.md) | +6.2% | +6.2% |
| SBO | 2025-06-02 | [Soybean oil prices fall amid uncertainty over US biofuel market and falling oil prices, but India's tariff cuts will boost demand](https://feedsoft.ai/events/10948-soybean-oil-prices-fall-amid-uncertainty-over-us-biofuel-market-and-falling-oil.md) | -2.3% | +5.8% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2023-03-10 | [EPA policy may reduce soybean oil demand - McKeany-Flavell](https://feedsoft.ai/events/15322-epa-policy-may-reduce-soybean-oil-demand-mckeany-flavell.md) | -3.1% | -4.3% |
| SBO | 2022-12-06 | [Soybean oil prices fall amid shrinking prospects for US biodiesel consumption](https://feedsoft.ai/events/38342-soybean-oil-prices-fall-amid-shrinking-prospects-for-us-biodiesel-consumption.md) | -3.2% | -5.8% |
| SOY | 2025-12-31 | [Can China Reduce Soybean Import Demand? Evaluating Soybean Meal Reduction Efforts](https://feedsoft.ai/events/21488-can-china-reduce-soybean-import-demand-evaluating-soybean-meal-reduction-efforts.md) | +0.6% | +2.5% |
| SOY | 2019-11-20 | [A trade deal with China could end up hurting the U.S. soybean market -Braun](https://feedsoft.ai/events/55913-a-trade-deal-with-china-could-end-up-hurting-the-u-s-soybean-market-braun.md) | -3.0% | +1.9% |
| SOY | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | -0.6% | -2.6% |

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2024/08/01/will-us-court-ruling-affect-demand-for-soybean-oil-and-meal/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.