# Strong soybean oil demand elevating price | DRGNews

> USDA data show average US soybean oil prices in Decatur, Illinois reached 76 cents per pound in March 2022, over 40% above a year earlier. The 2021/22 season-average price is projected at 70 cents per pound, up 23% from the prior year.

- Date: 2022-05-04 · published 2022-05-04T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/41482-strong-soybean-oil-demand-elevating-price-drgnews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong food and industrial demand against limited substitute oil supplies keeps domestic soybean oil prices elevated, supporting crush economics.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-04-11 | [Brazil's rising biodiesel demand restricts soybean oil exports](https://feedsoft.ai/events/25204-brazil-s-rising-biodiesel-demand-restricts-soybean-oil-exports.md) | +2.3% | +4.3% |
| SBO | 2025-12-01 | [US tallow, UCO consumption rebounds, soybean oil demand remains strong: EIA](https://feedsoft.ai/events/21601-us-tallow-uco-consumption-rebounds-soybean-oil-demand-remains-strong-eia.md) | +2.4% | -3.0% |
| SBO | 2020-05-26 | [Soybean prices expected to fall despite growing demand \| Feed Strategy](https://feedsoft.ai/events/53461-soybean-prices-expected-to-fall-despite-growing-demand-feed-strategy.md) | +3.6% | +6.4% |
| SBO | 2026-05-20 | [Biofuel Policy Drives Soybean Oil Demand Higher Again - All Ag News](https://feedsoft.ai/events/15027-biofuel-policy-drives-soybean-oil-demand-higher-again-all-ag-news.md) | -2.3% | -4.5% |
| SBO | 2022-06-13 | [USDA: Industrial uses driving U.S. demand for soybean oil - F&L Asia](https://feedsoft.ai/events/15388-usda-industrial-uses-driving-u-s-demand-for-soybean-oil-f-and-l-asia.md) | -7.6% | -21.7% |

## Sources

- drgnews.com: https://drgnews.com/2022/05/04/strong-soybean-oil-demand-elevating-price/

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