# Jan-Jun soybean oil use for biofuel up 19% YOY - McKeany-Flavell

> Biomass-based diesel makers used 4.95 billion pounds of soybean oil in the first half of 2022, up sharply from prior years. U.S. renewable diesel capacity rose to 1.95 billion gallons by June 2022, and June feedstock use was up 27% year over year.

- Date: 2022-09-21 · published 2022-09-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15369-jan-jun-soybean-oil-use-for-biofuel-up-19-yoy-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong soybean oil absorption by biofuel producers tightens vegetable oil supplies and supports soybean oil prices, with spillover to soybean crush economics and meal supply.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-08-22 | [Record use of soybean oil for biofuel in May - McKeany-Flavell](https://feedsoft.ai/events/34662-record-use-of-soybean-oil-for-biofuel-in-may-mckeany-flavell.md) | -1.1% | -8.2% |
| SBO | 2022-01-05 | [Soybean oil edible use up 9.5% in November - McKeany-Flavell](https://feedsoft.ai/events/43240-soybean-oil-edible-use-up-9-5-in-november-mckeany-flavell.md) | +0.7% | +6.3% |
| SBO | 2023-07-28 | [NOPA shows tighter soybean oil stocks - McKeany-Flavell](https://feedsoft.ai/events/10706-nopa-shows-tighter-soybean-oil-stocks-mckeany-flavell.md) | -6.0% | -8.0% |
| SBO | 2026-02-19 | [Soybean Oil Used for Biofuel Production Expected to Soar](https://feedsoft.ai/events/15047-soybean-oil-used-for-biofuel-production-expected-to-soar.md) | +2.7% | +1.3% |
| SBO | 2018-09-12 | [USDA forecasts soybean crush to keep growing - McKeany-Flavell](https://feedsoft.ai/events/63103-usda-forecasts-soybean-crush-to-keep-growing-mckeany-flavell.md) | -2.2% | +4.5% |
| SOY | 2026-02-19 | [Soybean Oil Used for Biofuel Production Expected to Soar](https://feedsoft.ai/events/15047-soybean-oil-used-for-biofuel-production-expected-to-soar.md) | +1.3% | +2.5% |
| SOY | 2021-11-10 | [USDA maintains forecast for soybean oil use in biofuel 10.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/15437-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-10-11-2021-ukragroconsult.md) | +4.3% | +5.1% |
| SOY | 2023-09-13 | [USDA  Maintains 2023-'24 Forecast for Soybean Oil Use in Biofuel - World-Energy](https://feedsoft.ai/events/15275-usda-maintains-2023-24-forecast-for-soybean-oil-use-in-biofuel-world-energy.md) | -1.2% | -4.5% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/jan-jun-soybean-oil-use-for-biofuel-up-19-percent-yoy-09-21-22/

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