# Opportunities abound for soybean oil

> Soybean oil demand is strong, driven by biodiesel and renewable diesel, with the Iowa Soybean Association pointing to growing biofuel use. Biodiesel demand is said to account for about 13% of the net market value of soybeans, or $1.69 per bushel at $13 cash prices.

- Date: 2021-09-23 · published 2021-09-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44938-opportunities-abound-for-soybean-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sustained biofuel demand supports soybean oil and crush margins, reinforcing a firm price outlook for soybean oil and soybeans.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/isr-october-2021-opportunities-abound-for-soybean-oil

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