# USDA lowers forecasts for soybean oil use in biofuel  | Biodiesel Magazine

> Biodiesel Magazine reports that USDA has lowered its forecasts for soybean oil used in biofuel production. The lower forecast reflects reduced expected use of soybean oil for biofuel.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/45445-usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-biodiesel-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower USDA estimate of biofuel use for soybean oil reduces the demand outlook, which is bearish for soybean oil prices and for soybean crush economics.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-09-12 | [USDA lowers forecast for soybean oil use in biofuel production  \| Biomass Magazine](https://feedsoft.ai/events/39665-usda-lowers-forecast-for-soybean-oil-use-in-biofuel-production-biomass-magazine.md) | +0.3% | -6.6% |
| 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 | 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% |
| SBO | 2024-03-08 | [USDA maintains forecast for soybean oil use in biofuel production, reduces forecast for soybean oil prices \| Biomass Magazine](https://feedsoft.ai/events/31293-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-production-reduces.md) | +3.6% | +6.2% |
| SBO | 2026-01-13 | [USDA lifts 2025-26 soybean crush as tallow displaces soybean oil for biofuel \| Feed & Grain](https://feedsoft.ai/events/21144-usda-lifts-2025-26-soybean-crush-as-tallow-displaces-soybean-oil-for-biofuel.md) | +2.9% | +8.9% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-2517702

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