# Lower soybean oil price boosts biodiesel margins - Fastmarkets

> Midwest soybean oil prices fell for the first time in four weeks, and biodiesel prices dipped less, widening producer margins. NOPA reported soybean oil stocks rose 9% from their low but remain 17% below a year earlier. EPA data showed lower biodiesel and renewable diesel blending in October.

- Date: 2022-11-24 · published 2022-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15356-lower-soybean-oil-price-boosts-biodiesel-margins-fastmarkets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Softer soy oil prices and lower October blending point to weaker near-term biofuel demand for soy oil, though tight stocks still limit downside.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/low-soybean-oil-price-boosts-biodiesel-margins/

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