# USDA: Industrial uses driving U.S. demand for soybean oil - F&L Asia

> The USDA Foreign Agricultural Service projects US industrial demand for soybean oil, driven by biodiesel, to grow 28% in 2022-23. Food and feed use is expected to grow less than 1%. Brazil's domestic oil demand is forecast to fall because it reduced its biodiesel blending requirement.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15388-usda-industrial-uses-driving-u-s-demand-for-soybean-oil-f-and-l-asia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong US industrial demand accounts for nearly all projected consumption growth, supporting US soybean oil prices. Weaker Brazilian demand eases some pressure on South American prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-21 | [Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand](https://feedsoft.ai/events/35113-brazil-s-2023-soybean-crushing-set-for-record-highs-driven-by-oil-meal-demand.md) | +5.4% | -0.5% |
| SBO | 2022-05-04 | [Strong soybean oil demand elevating price \| DRGNews](https://feedsoft.ai/events/41482-strong-soybean-oil-demand-elevating-price-drgnews.md) | +2.6% | -5.4% |
| 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 | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +0.8% | +7.4% |
| SBO | 2025-04-11 | [Brazil's rising biodiesel demand restricts soybean oil exports](https://feedsoft.ai/events/25204-brazil-s-rising-biodiesel-demand-restricts-soybean-oil-exports.md) | +2.3% | +4.3% |
| SOY | 2020-03-19 | [USDA FAS sees rising soybean demand for China - Brownfield Ag News](https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news.md) | +6.8% | +1.4% |
| SOY | 2017-08-01 | [Demand for oilseeds drives China’s soybean imports \| World-grain.com \| August 01, 2017 14:22 \| World Grain](https://feedsoft.ai/events/69328-demand-for-oilseeds-drives-china-s-soybean-imports-world-grain-com-august-01.md) | -3.5% | -6.0% |
| SOY | 2023-01-17 | [Demand for U.S. Soy Remains Strong Near Term - U.S. Soybean Export Council](https://feedsoft.ai/events/10666-demand-for-u-s-soy-remains-strong-near-term-u-s-soybean-export-council.md) | -3.1% | +0.3% |

## Sources

- fuelsandlubes.com: https://www.fuelsandlubes.com/usda-industrial-uses-driving-u-s-demand-for-soybean-oil/

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