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CoBank reports that biofuel demand for soybean oil is rising under biomass-based diesel mandates and 45Z tax credits. Imports remain needed to meet the proposed biomass-based diesel RVO, and used cooking oil imports have increased.
Ethanol exports must also grow to absorb new production.
Higher biofuel feedstock demand supports soybean oil prices and pulls imports into the US. Meeting the RVO depends on policy outcomes that could shift that demand.
cobank.comJacqui FatkaOct 7, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
