# USDA & WASDE Discuss Soybean Sunseed & Palm Oil Prices | CZ app

> The article marks the 50th anniversary of the USDA WASDE report and highlights the rise of US soybean acreage over five decades. It also notes that the US renewable diesel industry is creating new demand for feedstock.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15280-usda-and-wasde-discuss-soybean-sunseed-and-palm-oil-prices-cz-app
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Growing feedstock demand from the renewable diesel sector is a new driver for soybean oil, supporting prices as energy markets turn bullish.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/usda-wasde-discuss-soybean-sunseed-palm-oil-prices/

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