# More Soyoil to be Used Domestically in Brazil - AgWeb

> Itau BBA expects Brazil's soybean crushing capacity to rise from 59.4 million mt in 2024 to 72.1 million mt by 2027, with 13 new projects adding capacity. The Fuel of the Future law will raise the biodiesel blend from B14 toward B15 in March 2025 and higher thereafter, lifting domestic soyoil demand.

- Date: 2024-12-24 · published 2024-12-24T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/27052-more-soyoil-to-be-used-domestically-in-brazil-agweb
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded crush capacity increases soymeal output for export, while a rising biodiesel blend absorbs more soyoil domestically, supporting soyoil prices and tightening exportable supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-02-21 | [US exporters losing battle for domestic soybeans to expanding crush](https://feedsoft.ai/events/31702-us-exporters-losing-battle-for-domestic-soybeans-to-expanding-crush.md) | -1.9% | +4.7% |
| SBO | 2026-10-05 | [Soybean oil used to produce US biofuels reaches new all-time high in July - Fastmarkets](https://feedsoft.ai/events/14988-soybean-oil-used-to-produce-us-biofuels-reaches-new-all-time-high-in-july.md) | +1.7% | +3.3% |
| SBO | 2024-08-13 | [Domestic soybean demand outlook \| CHS Inc.](https://feedsoft.ai/events/15190-domestic-soybean-demand-outlook-chs-inc.md) | -3.5% | -1.4% |
| SBO | 2021-04-08 | [USDA to expand forecasts on soyoil use in biofuels in May crop report - Markets - Business Recorder](https://feedsoft.ai/events/47668-usda-to-expand-forecasts-on-soyoil-use-in-biofuels-in-may-crop-report-markets.md) | +0.2% | +17.0% |
| SBO | 2025-07-11 | [Biofuel demand to soak up more than half of US soyoil production next year, USDA says \| Reuters](https://feedsoft.ai/events/15102-biofuel-demand-to-soak-up-more-than-half-of-us-soyoil-production-next-year-usda.md) | +0.2% | -0.7% |
| SBM | 2018-04-11 | [Rabobank: Soy up and corn down in Brazil - Food & Agribusiness](https://feedsoft.ai/events/65343-rabobank-soy-up-and-corn-down-in-brazil-food-and-agribusiness.md) | -0.7% | +1.3% |
| SBM | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -0.3% | +0.3% |
| SBM | 2019-06-11 | [Grain harvest in Brazil expected to surpass 238 mi tons \| Agência Brasil](https://feedsoft.ai/events/58428-grain-harvest-in-brazil-expected-to-surpass-238-mi-tons-agencia-brasil.md) | +3.5% | -1.8% |

## Sources

- agweb.com: https://www.agweb.com/markets/pro-farmer-analysis/more-soyoil-be-used-domestically-brazil

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