# USDA sees little renewable diesel benefit for soybean oil | The Western Producer

> The USDA forecasts that soybean oil demand from the renewable fuel sector will stay flat at about 12 billion pounds per year after 2022. Analysts, including LMC International's James Fry, expect U.S. biodiesel and renewable diesel demand to reach nearly 30 billion pounds by 2030. Fry says the USDA projection looks inconsistent with the expected growth in renewable diesel.

- Date: 2021-12-13 · published 2021-12-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A flat USDA demand outlook, if it proves accurate, would leave soybean oil supplies looser than industry forecasts suggest, weighing on prices. The gap between USDA and private forecasts makes the outlook uncertain.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-04-10 | [CBOT review: Soybeans rise with soymeal \| The Western Producer](https://feedsoft.ai/events/11662-cbot-review-soybeans-rise-with-soymeal-the-western-producer.md) | -3.0% | +4.2% |
| SBO | 2024-02-15 | [A Look at the USDA's Soybean Oil Projections for 2024-25](https://feedsoft.ai/events/31771-a-look-at-the-usda-s-soybean-oil-projections-for-2024-25.md) | -3.8% | -0.5% |
| 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 | 2024-02-02 | [EPA underestimated U.S. biodiesel production \| The Western Producer](https://feedsoft.ai/events/15237-epa-underestimated-u-s-biodiesel-production-the-western-producer.md) | +2.4% | -1.2% |
| 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% |

## Sources

- producer.com: https://www.producer.com/news/usda-sees-little-renewable-diesel-benefit-for-soybean-oil/

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