USDA projects that soybean oil used in biofuel production will rise in the 2025-26 marketing year. The forecast reflects expected demand from renewable diesel and biodiesel.
The article is based on the USDA outlook.
A larger biofuel share of soybean oil use tightens the domestic oil balance and supports soybean oil prices. Crush margins would also benefit from this demand.
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 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
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.