# Food vs. fuel debate reemerges over soy oil

> The American Bakers Association says vegetable and soybean oil prices have surged, with some bakers paying 54 cents per pound versus 10 cents a year earlier. It has urged the EPA to lower RFS biodiesel blending requirements, while soybean groups say supplies are ample.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15436-food-vs-fuel-debate-reemerges-over-soy-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight soybean oil supplies and pressure from food users may lead to policy changes that reduce biofuel demand, which is a downside risk for soybean oil prices. Refining capacity limits mean supply tightness could persist for months.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-09-13 | [Biofuel Refining Drives Edible Oil Prices \| Food Processing](https://feedsoft.ai/events/45150-biofuel-refining-drives-edible-oil-prices-food-processing.md) | -0.7% | +6.4% |
| SBO | 2022-03-25 | [Soybean oil demand will expand as renewable diesel emerges as ideal biofuel - Indiana Corn and Soy](https://feedsoft.ai/events/15407-soybean-oil-demand-will-expand-as-renewable-diesel-emerges-as-ideal-biofuel.md) | -2.1% | +274.5% |
| SBO | 2016-11-24 | [Soybean oil futures rose by 7% due to high biofuel](https://feedsoft.ai/events/6691-soybean-oil-futures-rose-by-7-due-to-high-biofuel.md) | +2.1% | -5.6% |
| SBO | 2021-11-04 | [Economist's Angle: Food vs. Fuel? - American Soybean Association](https://feedsoft.ai/events/15431-economist-s-angle-food-vs-fuel-american-soybean-association.md) | -3.0% | -6.6% |
| SBO | 2026-07-26 | [Biofuel Mandates Test Capacity and Soybean Oil Demand - RFD](https://feedsoft.ai/events/15007-biofuel-mandates-test-capacity-and-soybean-oil-demand-rfd.md) | -7.3% | -3.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-life/food-vs-fuel-debate-reemerges-over-soy-oil

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