# Beans Pressured by Products Amid Lower Bean Oil Inclusion Rates - IBest Media

> Soybean futures fell 15 to 20 cents on Tuesday, with soybean oil dropping sharply to new contract lows and soymeal lower. EIA data showed February soybean oil use in biodiesel at 888 million lbs, the lowest monthly total since December 2022, while tallow and yellow grease inclusion rose.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/30816-beans-pressured-by-products-amid-lower-bean-oil-inclusion-rates-ibest-media
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean oil use in biodiesel and rising use of cheaper feedstocks weigh on soybean oil demand and pressure the crush margin, pushing soybean and product prices down.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/24490.html

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