# USDA boosts soy view on biofuel policy changes | Latest Market News

> USDA's monthly WASDE raised its 2025-26 US soybean crush forecast to a record 69.1mn t, up 1.36mn t from June. The increase reflects a 27% jump in soybean oil use for biofuel to 7.03mn t, following US policy changes to the 45Z tax credit and RFS credits.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15227-usda-boosts-soy-view-on-biofuel-policy-changes-latest-market-news
- 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

Stronger biofuel demand for soybean oil pulls more soybeans into crush, which supports soybean and soybean oil prices and leaves more meal available.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | -0.1% | +1.0% |
| SOY | 2026-05-20 | [Biofuel Policy Drives Soybean Oil Demand Higher Again - All Ag News](https://feedsoft.ai/events/15027-biofuel-policy-drives-soybean-oil-demand-higher-again-all-ag-news.md) | -2.0% | -6.4% |
| SOY | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -1.5% | -3.9% |
| SOY | 2019-07-11 | [Wheat leads on USDA supply, demand changes - Brownfield Ag News](https://feedsoft.ai/events/58152-wheat-leads-on-usda-supply-demand-changes-brownfield-ag-news.md) | -1.2% | -5.0% |
| SOY | 2021-05-12 | [Markets mixed on new crop estimates](https://feedsoft.ai/events/47043-markets-mixed-on-new-crop-estimates.md) | -3.9% | -4.6% |
| SBO | 2026-05-20 | [Biofuel Policy Drives Soybean Oil Demand Higher Again - All Ag News](https://feedsoft.ai/events/15027-biofuel-policy-drives-soybean-oil-demand-higher-again-all-ag-news.md) | -2.3% | -4.5% |
| SBO | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -0.1% | -4.0% |
| SBO | 2022-09-19 | [Press release: Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review](https://feedsoft.ai/events/10324-press-release-markets-swing-on-changing-perceptions-of-the-policy-outlook-bis.md) | -5.4% | -5.7% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2709592-usda-boosts-soy-view-on-biofuel-policy-changes

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