
USDA's September WASDE raised its estimate of 2025-26 soybean oil use for biofuel. The report reflects the stronger biofuel demand already seen in monthly EIA data.
A higher US biofuel use estimate lowers projected soybean oil ending stocks, supporting soyoil prices and the broader soybean complex.
After 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.
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.