# Biodiesel producers will use record volumes of soyoil in 2022

> S&P Global reports that global biodiesel output is forecast to rise more than 15% in 2022 to roughly 53 million tonnes, about 7 million more than projected for 2021. The growth is driven by decarbonization targets and a recovery in road diesel demand after the 2020 pandemic slump.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44126-biodiesel-producers-will-use-record-volumes-of-soyoil-in-2022
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising biodiesel feedstock demand will pull on virgin vegetable oils and soybean oil supplies, supporting oilseed and vegetable oil prices and tightening meal-linked crush economics for feed buyers.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/research-analytics/biodiesel-producers-will-use-record-volumes-of-soyoil-in-2022

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