# Soybean oil prices fall amid shrinking prospects for US biodiesel consumption

> Soybean oil futures in Chicago fell 16.8% during the week ending around December 5 after the EPA set biofuel blending increases of only about 1% for 2023-25 and allowed canola oil for biodiesel. Malaysian palm oil futures also fell 4.4% on the week.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/38342-soybean-oil-prices-fall-amid-shrinking-prospects-for-us-biodiesel-consumption
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The EPA's modest mandate and the new canola oil pathway reduce expected US soyoil demand and add competing feedstock, pressuring vegetable oil prices and the value of oilseed crush.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-10-15 | [Soybean oil prices fall amid new US biofuel proposals](https://feedsoft.ai/events/510-soybean-oil-prices-fall-amid-new-us-biofuel-proposals.md) | +1.8% | — |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2024-05-01 | [New system of subsidies for biodiesel production in the US has brought down soybean oil prices](https://feedsoft.ai/events/30343-new-system-of-subsidies-for-biodiesel-production-in-the-us-has-brought-down.md) | +2.5% | +8.4% |
| SBO | 2026-01-16 | [US soybean oil prices stall amid biofuel policy, 45Z uncertainty: 2026 preview - Fastmarkets](https://feedsoft.ai/events/15055-us-soybean-oil-prices-stall-amid-biofuel-policy-45z-uncertainty-2026-preview.md) | +1.3% | +6.8% |
| PALMOIL | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | +1.0% | -2.4% |
| PALMOIL | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +2.2% | +14.5% |
| PALMOIL | 2020-05-06 | [Indonesia to discuss how to continue biodiesel program amid falling fuel prices, ETEnergyworld](https://feedsoft.ai/events/52994-indonesia-to-discuss-how-to-continue-biodiesel-program-amid-falling-fuel-prices.md) | +0.4% | +22.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/soybean-oil-prices-fall-amid-shrinking-prospects-for-us-biodiesel-consumption/

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