# October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production  | Biodiesel Magazine

> The October 2024 WASDE report was released, with analysts noting it maintained the outlook for 2024-25 soybean oil use in biofuel production. The article gives no further numbers in the excerpt provided.

- Date: 2024-10-11 · published 2024-10-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27952-october-wasde-maintains-outlook-for-2024-25-soybean-oil-use-in-biofuel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

An unchanged biofuel soyoil use forecast signals no new demand shock from USDA, leaving soyoil price direction to other drivers.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-08-13 | [August WASDE maintains outlook for 2025-’26 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/23409-august-wasde-maintains-outlook-for-2025-26-soybean-oil-use-in-biofuel.md) | -3.0% | -4.1% |
| SBO | 2024-06-12 | [June WASDE maintains 2024-’25 forecast for soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/29863-june-wasde-maintains-2024-25-forecast-for-soybean-oil-use-in-biofuel-production.md) | +1.0% | +9.5% |
| SBO | 2024-11-08 | [November WASDE maintains forecast for 2024-’25 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15170-november-wasde-maintains-forecast-for-2024-25-soybean-oil-use-in-biofuel.md) | -1.7% | -9.8% |
| SBO | 2024-07-12 | [July WASDE maintains forecast for 2024-’25 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15201-july-wasde-maintains-forecast-for-2024-25-soybean-oil-use-in-biofuel-production.md) | -1.8% | -5.6% |
| SBO | 2024-08-12 | [August WASDE maintains forecast for 2024-’25 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/28877-august-wasde-maintains-forecast-for-2024-25-soybean-oil-use-in-biofuel.md) | -5.1% | -2.1% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/october-wasde-maintains-outlook-for-2024-25-soybean-oil-use-in-biofuel-production

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