# EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop

> CBOT July soybean oil futures fell 4.1% to 53.66 cents per pound after EPA released the 2023 to 2025 biodiesel blending mandate. Mintec cited a sell-the-fact reaction after expectations had been priced in.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The volume targets matched expectations, so the market sold off as the rumored support was confirmed. Soybean oil prices are bearish until the market finds a new level.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -2.2% | +3.3% |
| SBO | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +8.1% | +16.8% |
| SBO | 2017-10-08 | [Soy oil prices declining thanks to drops in U.S. government biodiesel mandates  : The Daily Digest](https://feedsoft.ai/events/68541-soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates.md) | +2.4% | +5.2% |
| SBO | 2022-12-06 | [Soybean oil prices fall amid shrinking prospects for US biodiesel consumption](https://feedsoft.ai/events/38342-soybean-oil-prices-fall-amid-shrinking-prospects-for-us-biodiesel-consumption.md) | -3.2% | -5.8% |

## Sources

- mintecglobal.com: https://www.mintecglobal.com/top-stories/soybean-oil-futures-price-declines-following-epas-biodiesel-blending-mandate-announcement

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