# Used Cooking Oil Imports for Biofuels Exceed Expectations - American Soybean Association

> ASA chief economist Scott Gerlt reports that US biomass-based diesel capacity grew from 3.3 billion gallons at the start of 2021 to 5.9 billion gallons at the end of 2023. Used cooking oil imports have exceeded EPA's projections and displaced domestic feedstocks. California consumes almost all domestic renewable diesel, and its Low Carbon Fuel Standard favors waste-based UCO.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/15225-used-cooking-oil-imports-for-biofuels-exceed-expectations-american-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Imported UCO displacing domestic oils reduces demand for US soybean oil as a feedstock, which pressures soybean oil prices and weakens the case for soybean crush expansion.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-07-03 | [ASA Disappointed in Commerce Decision to Reduce Duties on Subsidized Biodiesel Imports - American Soybean Association](https://feedsoft.ai/events/58197-asa-disappointed-in-commerce-decision-to-reduce-duties-on-subsidized-biodiesel.md) | +1.1% | +0.3% |
| SBO | 2024-06-12 | [US to turn net exporter of soybean oil on production rise, falling biofuel usage: FAS](https://feedsoft.ai/events/15211-us-to-turn-net-exporter-of-soybean-oil-on-production-rise-falling-biofuel-usage.md) | +1.0% | +9.5% |
| SBO | 2024-08-28 | [US imports of Chinese used cooking oil set for new record, future uncertain](https://feedsoft.ai/events/15193-us-imports-of-chinese-used-cooking-oil-set-for-new-record-future-uncertain.md) | +1.5% | +3.5% |
| 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 | 2026-05-14 | [Soybean futures drop as Trump-Xi summit fails to boost China purchase expectations By Investing.com](https://feedsoft.ai/events/9300-soybean-futures-drop-as-trump-xi-summit-fails-to-boost-china-purchase.md) | +0.5% | -2.1% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/used-cooking-oil-imports-for-biofuels-exceed-expectations/

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