# US imports of Chinese used cooking oil set for new record, future uncertain

> U.S. imports of Chinese used cooking oil are set for a record as demand for UCO, a renewable diesel feedstock, has surged. U.S. renewable diesel capacity more than doubled from 2021 to 282,000 barrels per day in 2023 under federal and state incentives. The future of these imports is described as uncertain.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/15193-us-imports-of-chinese-used-cooking-oil-set-for-new-record-future-uncertain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap imported UCO competes with domestic soybean and corn oil in biofuel feedstock use, pressuring U.S. soy oil demand and crush margins.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-04-04 | [Used Cooking Oil Imports for Biofuels Exceed Expectations - American Soybean Association](https://feedsoft.ai/events/15225-used-cooking-oil-imports-for-biofuels-exceed-expectations-american-soybean.md) | -0.4% | -9.1% |
| SBO | 2025-11-25 | [China exported a record amount of soybean oil in October](https://feedsoft.ai/events/22039-china-exported-a-record-amount-of-soybean-oil-in-october.md) | +4.6% | -2.1% |
| SBO | 2023-10-18 | [Vegoil imports partly fill in for thinning US soyoil stocks \| Reuters](https://feedsoft.ai/events/33709-vegoil-imports-partly-fill-in-for-thinning-us-soyoil-stocks-reuters.md) | -6.3% | -0.3% |
| SBO | 2017-05-24 | [Chinese demand for palm oil set to drop \| The Star](https://feedsoft.ai/events/71094-chinese-demand-for-palm-oil-set-to-drop-the-star.md) | -3.1% | -1.5% |
| SBO | 2024-12-04 | [Sunflower prices in Ukraine remain under pressure from falling export prices for sunflower oil](https://feedsoft.ai/events/27070-sunflower-prices-in-ukraine-remain-under-pressure-from-falling-export-prices.md) | +2.9% | -0.0% |
| SOY | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +6.4% | +5.3% |
| SOY | 2024-01-18 | [Soaring Chinese grain imports create unease on local market](https://feedsoft.ai/events/14780-soaring-chinese-grain-imports-create-unease-on-local-market.md) | +2.9% | -2.9% |
| SOY | 2019-05-30 | [Yen Remains Weak On US-China Trade Uncertainty \| Forex News](https://feedsoft.ai/events/59309-yen-remains-weak-on-us-china-trade-uncertainty-forex-news.md) | -0.3% | +2.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-imports-chinese-used-cooking-oil-set-new-record-future-uncertain-2024-08-28/

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