# Study: Soybean oil for biofuel production has a limited impact on food prices - Brownfield Ag News

> A Purdue University study with the United Soybean Board found no statistically significant link between soybean oil use in biofuels and retail food prices. Soybean oil use in biofuels has quadrupled over the past decade while retail prices stayed stagnant.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/36473-study-soybean-oil-for-biofuel-production-has-a-limited-impact-on-food-prices
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The finding supports continued biofuel demand for soyoil by weakening political arguments for limiting biofuel mandates, but it does not move near-term prices.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-06-23 | [U.S. biodiesel profitable despite expired tax credit - Brownfield Ag News](https://feedsoft.ai/events/70364-u-s-biodiesel-profitable-despite-expired-tax-credit-brownfield-ag-news.md) | +2.8% | +7.1% |
| SBO | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -1.9% | -5.8% |
| SBO | 2016-08-14 | [Prices for rapeseed, soybean and sunflower oil have converged: UFOP  : The Daily Digest](https://feedsoft.ai/events/11871-prices-for-rapeseed-soybean-and-sunflower-oil-have-converged-ufop-the-daily.md) | +7.0% | +1.3% |
| SBO | 2021-12-30 | [Diesel vs. doughnuts - Brownfield Ag News](https://feedsoft.ai/events/43700-diesel-vs-doughnuts-brownfield-ag-news.md) | +2.8% | +4.7% |
| SBO | 2025-12-29 | [Volatile Biofuels Demand Is Reshaping the Price Relationship between Soybean and Palm Oils](https://feedsoft.ai/events/21600-volatile-biofuels-demand-is-reshaping-the-price-relationship-between-soybean.md) | +0.6% | +7.3% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/managing-for_profit/study-soybean-oil-for-biofuel-production-has-a-limited-impact-on-food-prices/

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