# USDA lowers forecast for soybean oil use in biofuel production  | Biomass Magazine

> USDA has lowered its forecast for soybean oil used in biofuel production, according to a report published September 12, 2022. The revision reflects reduced expected biofuel demand for soy oil in the US.

- Date: 2022-09-12 · published 2022-09-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39665-usda-lowers-forecast-for-soybean-oil-use-in-biofuel-production-biomass-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller biofuel use forecast leaves more soybean oil available for other uses, which weighs on soy oil prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-03-08 | [USDA maintains forecast for soybean oil use in biofuel production, reduces forecast for soybean oil prices \| Biomass Magazine](https://feedsoft.ai/events/31293-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-reduces.md) | +3.6% | +6.2% |
| SBO | 2021-08-12 | [USDA lowers forecasts for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/45445-usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -2.3% | -9.7% |
| SBO | 2021-09-13 | [USDA reduces 2021-'22 forecast for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/44934-usda-reduces-2021-22-forecast-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -0.7% | +6.4% |
| SBO | 2025-01-10 | [January WASDE reduces 2024-’25 forecast for soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15156-january-wasde-reduces-2024-25-forecast-for-soybean-oil-use-in-biofuel.md) | +7.6% | +9.6% |
| SBO | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.6% | -0.9% |

## Sources

- biomassmagazine.com: https://biomassmagazine.com/articles/usda-lowers-forecast-for-soybean-oil-use-in-biofuel-production-19327

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