# USDA maintains forecast for soybean oil use in biofuel production | Biodiesel Magazine

> USDA kept its forecast for soybean oil used in biofuel production unchanged in its April report. The figure is a key input into the soybean oil balance sheet.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36472-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biodiesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

An unchanged biofuel use estimate leaves soyoil demand expectations steady, so it has little immediate price effect for feed buyers.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-10-12 | [USDA maintains forecast for soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15365-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biodiesel.md) | +0.8% | +8.6% |
| SBO | 2023-07-12 | [USDA maintains forecast for soybean oil use in biofuel production \| Biomass Magazine](https://feedsoft.ai/events/15296-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biomass.md) | -3.6% | -2.6% |
| SBO | 2023-02-09 | [USDA maintains forecast for soybean oil use in biofuel production \| Biomass Magazine](https://feedsoft.ai/events/37423-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-biomass.md) | +1.5% | -0.1% |
| 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 | 2023-08-11 | [USDA maintains forecast for 2023-'24 soybean oil use in biofuel \| Biodiesel Magazine](https://feedsoft.ai/events/15284-usda-maintains-forecast-for-2023-24-soybean-oil-use-in-biofuel-biodiesel.md) | +0.7% | -6.4% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-2518631

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