# Increasing soybean oil demand presents new opportunities for American soybean farmers

> USDA data show U.S. soybean oil domestic use for biofuels rose to 42 percent in the current marketing year, up from 37 percent, while exports fell to 5 percent. Industry officials expect the renewable diesel buildout to keep driving demand growth.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15410-increasing-soybean-oil-demand-presents-new-opportunities-for-american-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger share of soybean oil going to biofuels reduces exportable supply and supports soybean oil prices relative to meal.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-07-03 | [Proposed Biofuel Blending Obligation Presents an Opportunity for U.S. Soy - American Soybean Association](https://feedsoft.ai/events/15103-proposed-biofuel-blending-obligation-presents-an-opportunity-for-u-s-soy.md) | +0.4% | +1.2% |
| SBO | 2025-11-12 | [ASA and NOPA Urge Action on Biofuel Policies Supporting Farmers - American Soybean Association](https://feedsoft.ai/events/15076-asa-and-nopa-urge-action-on-biofuel-policies-supporting-farmers-american.md) | +2.1% | +0.7% |
| SBO | 2026-05-14 | [EPA RVO Could Increase Soybean Oil Demand](https://feedsoft.ai/events/15022-epa-rvo-could-increase-soybean-oil-demand.md) | +0.5% | -2.1% |
| SBO | 2017-01-26 | [U.S. Producing Record Gallons of Biodiesel, But Imports Also Increasing - American Soybean Association](https://feedsoft.ai/events/72877-u-s-producing-record-gallons-of-biodiesel-but-imports-also-increasing-american.md) | -1.6% | -7.3% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |

## Sources

- harvest.news: https://harvest.news/2022-03-18-increasing-soybean-oil-demand-presents-new-opportunities.html

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