# January WASDE reduces 2024-’25 forecast for soybean oil use in biofuel production  | Biodiesel Magazine

> The January WASDE report lowered the 2024-25 USDA forecast for soybean oil used in biofuel production. The change reflects the USDA's updated demand estimate for biofuel feedstock use. No further details are given in the excerpt.

- Date: 2025-01-10 · published 2025-01-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15156-january-wasde-reduces-2024-25-forecast-for-soybean-oil-use-in-biofuel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower USDA estimate of soybean oil used for biofuels reduces projected demand and tends to pressure soybean oil prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-09-13 | [USDA reduces 2021-'22 forecast for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/44934-usda-reduces-2021-22-forecast-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -0.7% | +6.4% |
| SBO | 2024-03-08 | [USDA maintains forecast for soybean oil use in biofuel production, reduces forecast for soybean oil prices \| Biomass Magazine](https://feedsoft.ai/events/31293-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-reduces.md) | +3.6% | +6.2% |
| SBO | 2022-09-12 | [USDA lowers forecast for soybean oil use in biofuel production  \| Biomass Magazine](https://feedsoft.ai/events/39665-usda-lowers-forecast-for-soybean-oil-use-in-biofuel-production-biomass-magazine.md) | +0.3% | -6.6% |
| SBO | 2021-08-12 | [USDA lowers forecasts for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/45445-usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -2.3% | -9.7% |
| SBO | 2021-11-09 | [US soybean production cut in surprise move – WASDE 10.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/44007-us-soybean-production-cut-in-surprise-move-wasde-10-11-2021-ukragroconsult.md) | -0.3% | -2.4% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/january-wasde-reduces-2024-25-forecast-for-soybean-oil-use-in-biofuel-production
- biomassmagazine.com: https://biomassmagazine.com/articles/january-wasde-reduces-2024-25-forecast-for-soybean-oil-use-in-biofuel-production

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.