# USDA increase estimate for 2022-’23 soybean oil use in biofuel | Biomass Magazine

> USDA raised its estimate of soybean oil use in biofuel for the 2022-23 marketing year. The article gives no further figures in the provided text.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15262-usda-increase-estimate-for-2022-23-soybean-oil-use-in-biofuel-biomass-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher biofuel use estimates signal stronger soybean oil demand, supporting oil prices and the crush margin for meal. The size of the revision determines how much it tightens the balance sheet.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-09-11 | [USDA: September WASDE increases estimate for 2025-’26 soybean oil use in biofuel \| Biomass Magazine](https://feedsoft.ai/events/14998-usda-september-wasde-increases-estimate-for-2025-26-soybean-oil-use-in-biofuel.md) | -1.2% | -2.1% |
| SBO | 2024-09-12 | [USDA increases estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15188-usda-increases-estimates-for-2022-23-and-2023-24-soybean-oil-use-in-biofuel.md) | -0.0% | +3.5% |
| SBO | 2026-06-11 | [June WASDE increases estimate for 2025-’26 soybean use in biofuel production  \| Biomass Magazine](https://feedsoft.ai/events/15021-june-wasde-increases-estimate-for-2025-26-soybean-use-in-biofuel-production.md) | -2.4% | -1.2% |
| SBO | 2025-05-12 | [USDA: May WASDE predicts soybean oil use in biofuel will expand for 2025-‘26 \| Biomass Magazine](https://feedsoft.ai/events/15120-usda-may-wasde-predicts-soybean-oil-use-in-biofuel-will-expand-for-2025-26.md) | -0.4% | -4.1% |
| SBO | 2026-05-12 | [May WASDE forecasts 25% increase in soybean oil use in biofuel for 2026-‘27 \| Biodiesel Magazine](https://feedsoft.ai/events/15024-may-wasde-forecasts-25-increase-in-soybean-oil-use-in-biofuel-for-2026-27.md) | +1.4% | -2.2% |
| SOY | 2026-09-11 | [USDA: September WASDE increases estimate for 2025-’26 soybean oil use in biofuel \| Biomass Magazine](https://feedsoft.ai/events/14998-usda-september-wasde-increases-estimate-for-2025-26-soybean-oil-use-in-biofuel.md) | +0.3% | -2.2% |
| SOY | 2026-06-11 | [June WASDE increases estimate for 2025-’26 soybean use in biofuel production  \| Biomass Magazine](https://feedsoft.ai/events/15021-june-wasde-increases-estimate-for-2025-26-soybean-use-in-biofuel-production.md) | +0.8% | +6.5% |
| SOY | 2025-02-26 | [USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 \| Biodiesel Magazine](https://feedsoft.ai/events/15143-usda-predicts-soybean-oil-use-in-biofuel-production-will-increase-in-2025-26.md) | -4.6% | -2.9% |

## Sources

- biomassmagazine.com: https://biomassmagazine.com/articles/usda-increase-estimate-for-2022-23-soybean-oil-use-in-biofuel

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