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USDA's Economic Research Service expects U.S. soybean oil demand to rise in 2026/27 as biofuel policy lifts biomass-based diesel output. USDA forecasts soybean oil use for biomass-based diesel at 17.8 billion pounds, up 3.6 billion, and ERS projects Central Illinois soybean oil at 70 cents per pound from 63 cents.
Higher biodiesel use of soybean oil and expected price gains support crush margins, with more crush also adding soybean meal supply.
allagnews.comTony St. JamesMay 20, 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.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
