# Soybean oil demand expected to erupt – AgriNews

> Industry participants said renewable diesel expansion and new partnerships will drive robust demand for US soybeans. About 3 billion gallons of biodiesel are produced in the US currently, and renewable diesel and sustainable aviation fuel demand are growing.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/15425-soybean-oil-demand-expected-to-erupt-agrinews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected growth in biofuel-linked soybean oil use supports soybean and soybean oil demand, which tends to be bullish for soybean prices and meal supply tied to crush.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-17 | [U.S. aims to expand soybean sales](https://feedsoft.ai/events/70883-u-s-aims-to-expand-soybean-sales.md) | -2.9% | -4.6% |
| SOY | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +5.7% | +11.9% |
| SOY | 2024-08-29 | [Soybeans rise as demand for US exports blows past expectations](https://feedsoft.ai/events/28786-soybeans-rise-as-demand-for-us-exports-blows-past-expectations.md) | +5.2% | +8.6% |
| SOY | 2024-06-13 | [Chinese demand boosts soybean price outlook - Brownfield Ag News](https://feedsoft.ai/events/29786-chinese-demand-boosts-soybean-price-outlook-brownfield-ag-news.md) | -1.9% | -3.6% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SBO | 2022-07-28 | [All Eyes on Soybean Oil Demand - AgWeb](https://feedsoft.ai/events/40577-all-eyes-on-soybean-oil-demand-agweb.md) | +4.1% | +9.2% |
| SBO | 2024-12-11 | [Export demand surging for US corn, soybean oil \| Baking Business](https://feedsoft.ai/events/26904-export-demand-surging-for-us-corn-soybean-oil-baking-business.md) | -2.0% | -2.2% |
| SBO | 2025-03-03 | [US Soybean Oil Exports to Remain Strong Into 2025-26](https://feedsoft.ai/events/11142-us-soybean-oil-exports-to-remain-strong-into-2025-26.md) | -3.5% | -0.7% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2022/01/12/soybean-oil-demand-expected-to-erupt/

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