# Biodiesel Industry Update and Future Predictions | Soy Ohio

> The Ohio Soybean Council and National Biodiesel Board outlined biodiesel industry trends, noting the industry used 9 billion gallons, or 35%, of US soybean oil in 2020. The group expects at least 3.2 billion gallons of biodiesel sales in 2021, using 9.5 billion pounds of soybean oil.

- Date: 2021-10-11 · published 2021-10-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44393-biodiesel-industry-update-and-future-predictions-soy-ohio
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Biodiesel is now the second-largest user of US soybean oil, so continued growth in demand supports soybean oil and soybean prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- soyohio.org: https://www.soyohio.org/article/biodiesel-industry-update-and-future-predictions/

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