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US soybean oil consumption for renewable diesel production hit an all-time low in February, according to Quantum Commodity Intelligence. The report is a brief teaser behind a paywall, with few further details provided.
Lower renewable diesel demand for soybean oil weakens a key domestic feedstock outlet, which tends to pressure soybean oil prices and, through crush economics, soybean meal supply dynamics.
qcintel.comApr 30, 2025After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
