# U.S. Soybean Oil Market Threatened by Imported Feedstocks | Illinois Soybean Association

> The Illinois Soybean Association says imported feedstocks such as used cooking oil are displacing soybean oil in biodiesel because they earn larger LCFS credits. It also says the 45Z credit will cut the incentive for soy biodiesel from $1 to 35 cents per gallon starting in 2025.

- Date: 2024-12-01 · published 2024-12-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15160-u-s-soybean-oil-market-threatened-by-imported-feedstocks-illinois-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower incentives for soy-based biodiesel reduce demand for soybean oil, which is bearish for soy oil prices and pushes more crush margin into meal.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-03-24 | [Stop Promoting Imported Feedstocks \| Illinois Soybean Association](https://feedsoft.ai/events/15138-stop-promoting-imported-feedstocks-illinois-soybean-association.md) | +3.3% | +12.5% |
| SBO | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | +2.4% | — |
| SBO | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -0.3% | -2.6% |
| SBO | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -1.3% | -4.2% |
| SBO | 2023-01-05 | [Economist’s Angle: EPA’s Proposed Blending Levels Threaten Ongoing Industry Growth - American Soybean Association](https://feedsoft.ai/events/15338-economist-s-angle-epa-s-proposed-blending-levels-threaten-ongoing-industry.md) | +0.8% | -4.6% |
| SBM | 2021-07-29 | [Soybean meal needs reduced import tax](https://feedsoft.ai/events/46151-soybean-meal-needs-reduced-import-tax.md) | -0.7% | -1.2% |
| SBM | 2021-01-26 | [U.S. soy oil plays vital role in biodiesel, export markets \| National \| farmweeknow.com](https://feedsoft.ai/events/49247-u-s-soy-oil-plays-vital-role-in-biodiesel-export-markets-national-farmweeknow.md) | +0.8% | -1.2% |
| SBM | 2020-10-02 | [Soybeans Bounce as Argentina Suspends Export Registrations \| Feed & Grain](https://feedsoft.ai/events/12139-soybeans-bounce-as-argentina-suspends-export-registrations-feed-and-grain.md) | +4.1% | +9.2% |

## Sources

- ilsoy.org: https://www.ilsoy.org/u-s-soybean-oil-market-threatened-by-imported-feedstocks/

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