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

> The August WASDE kept its 2024-25 forecast for soybean oil use in biofuel production unchanged. The article is a short report on the USDA data release.

- Date: 2024-08-12 · published 2024-08-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28877-august-wasde-maintains-forecast-for-2024-25-soybean-oil-use-in-biofuel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

An unchanged biofuel use forecast means no new demand shift for soybean oil from the USDA, so the report leaves the soy oil and crush outlook largely as it was.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-12 | [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 | 2024-11-08 | [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 | 2024-04-11 | [April WASDE maintains 2023-’24 forecast for soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/30819-april-wasde-maintains-2023-24-forecast-for-soybean-oil-use-in-biofuel.md) | -5.2% | -7.3% |
| 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% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/august-wasde-maintains-forecast-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.