# US RD output, soybean usage at fresh high in June: EIA

> US soybean oil demand from the renewable fuel sector hit a record in June, according to EIA data, as renewable diesel output kept rising. The data points to continued strong use of soybean feedstock by biofuel producers.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15274-us-rd-output-soybean-usage-at-fresh-high-in-june-eia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising renewable diesel feedstock demand supports soybean oil prices and draws oil away from food and feed uses, which tightens the soybean crush balance.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-08-29 | [US soybean oil use in RD at 8-mth high, yellow grease demand at 6-mth high](https://feedsoft.ai/events/23407-us-soybean-oil-use-in-rd-at-8-mth-high-yellow-grease-demand-at-6-mth-high.md) | -1.9% | -6.3% |
| SBO | 2026-10-05 | [Soybean oil used to produce US biofuels reaches new all-time high in July - Fastmarkets](https://feedsoft.ai/events/14988-soybean-oil-used-to-produce-us-biofuels-reaches-new-all-time-high-in-july.md) | +1.7% | +3.3% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |
| SBO | 2026-09-07 | [Soybean oil used to produce US biofuels reaches new record in June - Fastmarkets](https://feedsoft.ai/events/14991-soybean-oil-used-to-produce-us-biofuels-reaches-new-record-in-june-fastmarkets.md) | -2.6% | -5.2% |
| SBO | 2026-06-03 | [Biofuel Feedstock Demand Up 12% in March as Soybean Oil, Corn Oil Reach Record Highs: EIA - OPIS, A Dow Jones Company](https://feedsoft.ai/events/18890-biofuel-feedstock-demand-up-12-in-march-as-soybean-oil-corn-oil-reach-record.md) | -3.1% | -7.6% |
| SOY | 2021-05-06 | [USDA forecasts drop in Argentine soyabean output and exports](https://feedsoft.ai/events/46935-usda-forecasts-drop-in-argentine-soyabean-output-and-exports.md) | +5.0% | -2.1% |
| SOY | 2020-11-09 | [Is the US Out of Soybeans?](https://feedsoft.ai/events/50181-is-the-us-out-of-soybeans.md) | +3.9% | +5.5% |
| SOY | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |

## Sources

- qcintel.com: https://www.qcintel.com/biofuels/article/us-rd-output-soybean-usage-at-fresh-high-in-june-eia-16579.html

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