US soybean oil use for biofuels production hits record high in May

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.

• Sep 7, 2026Soybean oil used to produce US biofuels reaches new record in June - Fastmarkets-2.6%
• Oct 5, 2026Soybean oil used to produce US biofuels reaches new all-time high in July - Fastmarkets+1.7%
• Aug 22, 2023Record use of soybean oil for biofuel in May - McKeany-Flavell-1.1%
• Jul 31, 2020US biodiesel production ticks up in May, soybean oil use hits 70% | Biodiesel Magazine+5.1%
• Jan 12, 2024USDA boosts forecast for 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-0.1%

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.

• Sep 7, 2026Soybean oil used to produce US biofuels reaches new record in June - Fastmarkets-1.0%
• Jan 12, 2024USDA boosts forecast for 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-1.5%
• Feb 19, 2026Soybean Oil Used for Biofuel Production Expected to Soar+1.3%
• Feb 26, 2025USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 | Biodiesel Magazine-4.6%
• Jun 11, 2026June WASDE increases estimate for 2025-’26 soybean use in biofuel production | Biomass Magazine+0.8%

Not enough comparable past events yet for a historical read.