# Biden push to cut emissions likely to pressure US soybean oil supply in coming years | S&P Global

> President Biden's target to cut US greenhouse gas emissions 50% by 2030 is boosting the biofuel sector. US biodiesel capacity is projected to reach 5 billion gallons a year by 2024. USDA projects biofuel use of 11.5 billion lb of US soybean oil in 2021-22, up from 9.1 billion lb the prior year.

- Date: 2021-08-18 · published 2021-08-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising biofuel mandates and output shift soybean oil toward fuel use and tighten edible supply. That underpins soyoil prices and can pull soybean meal supplies with it through crush.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-10-27 | [Rising biofuel demand tightens US soybean oil supplies, puts pressure on industrial users - BioEnergy Times](https://feedsoft.ai/events/503-rising-biofuel-demand-tightens-us-soybean-oil-supplies-puts-pressure-on.md) | -0.5% | — |
| SBO | 2020-03-03 | [US domestic soybean oil demand could rise this year: sources \| S&P Global](https://feedsoft.ai/events/53997-us-domestic-soybean-oil-demand-could-rise-this-year-sources-s-and-p-global.md) | -4.4% | -6.0% |
| SBO | 2026-09-02 | [US soybean oil rally supports global vegetable oil market](https://feedsoft.ai/events/4538-us-soybean-oil-rally-supports-global-vegetable-oil-market.md) | -4.0% | -7.2% |
| SBO | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | -0.5% | — |
| SBO | 2020-02-04 | [Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply](https://feedsoft.ai/events/54693-indonesia-s-thirst-for-biodiesel-may-undercut-global-palm-oil-supply.md) | +1.1% | -4.8% |
| SBM | 2020-03-03 | [US domestic soybean oil demand could rise this year: sources \| S&P Global](https://feedsoft.ai/events/53997-us-domestic-soybean-oil-demand-could-rise-this-year-sources-s-and-p-global.md) | -1.9% | +7.7% |
| SBM | 2022-11-30 | [Surging US Biofuel Production Stokes Soybean Crush Demand](https://feedsoft.ai/events/15357-surging-us-biofuel-production-stokes-soybean-crush-demand.md) | +8.9% | +12.9% |
| SBM | 2026-06-30 | [Biodiesel boom drives soybean oil to 4-year high](https://feedsoft.ai/events/18887-biodiesel-boom-drives-soybean-oil-to-4-year-high.md) | +3.7% | +4.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/081821-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming-years

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