# Soybean oil edible use up 9.5% in November - McKeany-Flavell

> Over 1.17 billion pounds of soybean oil were removed from stocks for edible use in November, up 9.5%. Inedible use fell year on year as yellow grease and distillers corn oil became more available as biofuel feedstocks. A record 832 million pounds went to biodiesel and renewable diesel in October.

- Date: 2022-01-05 · published 2022-01-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43240-soybean-oil-edible-use-up-9-5-in-november-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong edible and biofuel offtake draws down US soybean oil stocks, supporting prices. Cheaper alternative feedstocks partly offset that demand.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-08-22 | [Record use of soybean oil for biofuel in May - McKeany-Flavell](https://feedsoft.ai/events/34662-record-use-of-soybean-oil-for-biofuel-in-may-mckeany-flavell.md) | -1.1% | -8.2% |
| SBO | 2022-09-21 | [Jan-Jun soybean oil use for biofuel up 19% YOY - McKeany-Flavell](https://feedsoft.ai/events/15369-jan-jun-soybean-oil-use-for-biofuel-up-19-yoy-mckeany-flavell.md) | -5.8% | -0.8% |
| SBO | 2023-07-28 | [NOPA shows tighter soybean oil stocks - McKeany-Flavell](https://feedsoft.ai/events/10706-nopa-shows-tighter-soybean-oil-stocks-mckeany-flavell.md) | -6.0% | -8.0% |
| SBO | 2019-01-16 | [December soybean crush up 3 percent from last year - McKeany-Flavell](https://feedsoft.ai/events/61192-december-soybean-crush-up-3-percent-from-last-year-mckeany-flavell.md) | +4.0% | +6.2% |
| SBO | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +1.6% | +11.7% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/soybean-oil-edible-use-up-9-5-percent-in-november-01-05-22/

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