# Soaring Imports of Green Diesel Feedstocks Disrupt US Soy Market - Bloomberg

> Imports of used cooking oil and other feedstocks for biofuel production in the US have surged. Soybean processors are facing eroded margins as demand weakens, prompting them to slow crush operations and jeopardizing expansion plans.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/15221-soaring-imports-of-green-diesel-feedstocks-disrupt-us-soy-market-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slower soybean crushing reduces output of both soybean oil and meal, which tightens meal supply and supports meal prices while pressuring soybean and oil prices as demand shifts to imported feedstocks.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-04-29 | 1 | -2.9% | -3.3 | Surging imports of used cooking oil and other green diesel feedstocks displace soyoil in US biofuel demand and erode crush margins, a bearish demand factor. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-05-13 | [China Sees Its Soy Imports Sliding Just as US Farmers Eye Deals - Bloomberg](https://feedsoft.ai/events/19249-china-sees-its-soy-imports-sliding-just-as-us-farmers-eye-deals-bloomberg.md) | -0.3% | -7.5% |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SOY | 2019-05-06 | [Trump Trade Tweets Send Grain Markets Diving to 42-Year Low - Bloomberg](https://feedsoft.ai/events/7488-trump-trade-tweets-send-grain-markets-diving-to-42-year-low-bloomberg.md) | -3.9% | +6.0% |
| SOY | 2020-10-02 | [Talk of Soymeal Imports Pressures Beans \| Feed & Grain](https://feedsoft.ai/events/12135-talk-of-soymeal-imports-pressures-beans-feed-and-grain.md) | +2.6% | +2.8% |
| SBO | 2024-10-14 | [CoBank: Biobased diesel feedstock imports impact domestic soybean oil demand \| Biodiesel Magazine](https://feedsoft.ai/events/15175-cobank-biobased-diesel-feedstock-imports-impact-domestic-soybean-oil-demand.md) | -3.1% | +11.3% |
| SBO | 2024-03-25 | [US tariff ruling could revive biofuel feedstock trade \| Latest Market News](https://feedsoft.ai/events/31294-us-tariff-ruling-could-revive-biofuel-feedstock-trade-latest-market-news.md) | +0.6% | -4.4% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-26/soaring-imports-of-green-diesel-feedstocks-disrupt-us-soy-market

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