# USDA Outlook Points to 17% Rise in Soybean Oil Use for Biofuel Production - Michigan Advanced Biofuels Coalition

> The USDA Grains and Oilseeds Outlook for 2026-27 projects soybean oil use for biofuel rising about 17%. Soybean acreage is forecast to grow by nearly 4 million acres, with output near 4.45 billion bushels and soybean meal prices steady at about $300 per short ton.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/20698-usda-outlook-points-to-17-rise-in-soybean-oil-use-for-biofuel-production
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded biofuel demand for oil and a larger crush support soybean oil prices, while more meal output keeps meal prices flat.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-02-19 | [Soybean Oil Used for Biofuel Production Expected to Soar](https://feedsoft.ai/events/15047-soybean-oil-used-for-biofuel-production-expected-to-soar.md) | +2.7% | +1.3% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |
| SBO | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -0.1% | -4.0% |
| SBO | 2024-09-12 | [USDA increases estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15188-usda-increases-estimates-for-2022-23-and-2023-24-soybean-oil-use-in-biofuel.md) | -0.0% | +3.5% |
| SBO | 2025-02-26 | [USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 \| Biodiesel Magazine](https://feedsoft.ai/events/15143-usda-predicts-soybean-oil-use-in-biofuel-production-will-increase-in-2025-26.md) | -5.7% | -5.1% |
| SBM | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.5% | +1.2% |
| SBM | 2017-09-19 | [Corn and soybean production outlook in 2017-18 \| Illinois Extension \| Illinois](https://feedsoft.ai/events/68799-corn-and-soybean-production-outlook-in-2017-18-illinois-extension-illinois.md) | +0.4% | +5.0% |
| SBM | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | +1.7% | +1.5% |

## Sources

- miadvancedbiofuels.com: https://www.miadvancedbiofuels.com/2026/02/usda-outlook-points-to-17-rise-in-soybean-oil-use-for-biofuel-production/

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