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EIA data released Sept. 1 showed US domestic biofuel producers used a record 1.56 billion pounds of soybean oil in June, up 9% from May and 49% year on year.
Biodiesel and renewable diesel both posted monthly increases, and soybean oil's share of the low-CI feedstock pool rose to 41.2%.
Record biofuel crush-related demand for soybean oil tightens the vegetable oil balance and supports soyoil prices, with knock-on support for soybean meal values as crush expands.
fastmarkets.comAmanda LuhavaljaSep 7, 2026After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
