# Biodiesel mandate, domestic demand could stop Brazilian soybean oil exports: sources | S&P Global

> Market sources told S&P Global that record blending mandates and rising domestic demand for soybean oil could halt Brazilian soybean oil exports in coming years. USDA projects Brazil's 2024-25 soybean oil exports at 1.4 million mt, down 22.2% from the previous season. Brazil's biodiesel blend is B14, with B15 planned for next year.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/29860-biodiesel-mandate-domestic-demand-could-stop-brazilian-soybean-oil-exports
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

If Brazil's domestic biodiesel demand absorbs more soybean oil, less supply reaches export markets, which could tighten global vegetable oil supply. Analysts also cite soy oil trading low, so the net effect on prices is uncertain.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-05-24 | [Brazil’s Soybean Oil Exports Offset Biodiesel Fall \| CZ app](https://feedsoft.ai/events/41480-brazil-s-soybean-oil-exports-offset-biodiesel-fall-cz-app.md) | -2.0% | -12.6% |
| SBO | 2019-03-05 | [Brazilian 2018/19 soy exports seen falling as much as 18% in part due to increased biodiesel demand  : The Daily Digest](https://feedsoft.ai/events/60182-brazilian-2018-19-soy-exports-seen-falling-as-much-as-18-in-part-due-to.md) | -1.3% | -4.1% |
| SBO | 2021-04-14 | [Surge in US Biodiesel Exports Strains Soybean Supplies](https://feedsoft.ai/events/47463-surge-in-us-biodiesel-exports-strains-soybean-supplies.md) | +7.6% | +18.8% |
| SBO | 2026-09-09 | [Biofuel demand drives higher US soybean oil imports](https://feedsoft.ai/events/17545-biofuel-demand-drives-higher-us-soybean-oil-imports.md) | +0.2% | -0.3% |
| SBO | 2026-07-16 | [Brazil soybean oil exports may exceed forecasts \| Latest Market News](https://feedsoft.ai/events/18450-brazil-soybean-oil-exports-may-exceed-forecasts-latest-market-news.md) | -0.6% | -4.7% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/062624-biodiesel-mandate-domestic-demand-could-stop-brazilian-soybean-oil-exports-sources

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