# Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network

> Soybean oil prices have risen alongside crude since the start of the Iran war, according to AgMarket.Net's Matt Bennett. He points to the EPA's finalized RFS rule mandating record biodiesel and renewable diesel blending volumes for 2026-27 and to countries turning to domestic feedstocks to lower fuel costs.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record blending mandates create structural domestic demand for soybean oil, while high diesel prices strengthen the economics of biofuel feedstocks. Strong oil demand supports crush margins and the soymeal supply that follows.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-12-19 | [Biodiesel hoping for tax credit to continue growth - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/61465-biodiesel-hoping-for-tax-credit-to-continue-growth-iowa-agribusiness-radio.md) | -3.7% | +1.3% |
| SBO | 2017-05-08 | [Pruitt pledges to keep RFS finalizing obligations on track \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70870-pruitt-pledges-to-keep-rfs-finalizing-obligations-on-track-iowa-agribusiness.md) | -0.2% | -4.3% |
| SBO | 2019-02-15 | [Iowa Soybean joins Congressional delegation calling for biodiesel tax credit \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/60469-iowa-soybean-joins-congressional-delegation-calling-for-biodiesel-tax-credit.md) | +2.1% | -1.5% |
| SBO | 2018-03-21 | [Ban on palm oil to profit rapeseed and soy - Food & Agribusiness](https://feedsoft.ai/events/66096-ban-on-palm-oil-to-profit-rapeseed-and-soy-food-and-agribusiness.md) | -0.5% | -1.0% |
| SBO | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -1.2% | -2.3% |
| WTI | 2018-12-07 | [OPEC and Allies, Defying Trump, Agree to Cut Oil Output to Prop Up Prices](https://feedsoft.ai/events/10624-opec-and-allies-defying-trump-agree-to-cut-oil-output-to-prop-up-prices.md) | +2.2% | -6.2% |
| WTI | 2020-06-06 | [OPEC and its allies reach deal to cut oil production through July \| CNN Business](https://feedsoft.ai/events/52512-opec-and-its-allies-reach-deal-to-cut-oil-production-through-july-cnn-business.md) | -8.3% | +2.6% |
| WTI | 2018-07-24 | [France's Avril Raises Biodiesel Output On Higher Oil Prices, Demand](https://feedsoft.ai/events/64125-france-s-avril-raises-biodiesel-output-on-higher-oil-prices-demand.md) | +4.3% | -2.1% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/demand-for-soy-oil-driving-price-to-the-upside/

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