# Analyst: The World Needs More Soybean Oil - U.S. Soybean Export Council

> Jim Sutter of the U.S. Soybean Export Council and analysts argue renewable diesel will drive a sharp rise in global soybean oil demand. They note that renewable diesel and biodiesel draw on the same feedstocks and that sustainability commitments are boosting interest in U.S. soy. The commentary comes from a December 9 webinar on U.S. soy production, crush and exports.

- Date: 2021-12-14 · published 2021-12-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43702-analyst-the-world-needs-more-soybean-oil-u-s-soybean-export-council
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expectations of rising soybean oil demand support forward soybean and soy oil prices. This is an industry outlook with no new policy or supply shock, so the impact is limited.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- ussec.org: https://ussec.org/news/analyst-the-world-needs-more-soybean-oil/

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