# Soybean outlook: Soybean markets sensitive to biofuel activity – AgriNews

> Purdue analysts discussed the USDA June report, which projects soybean oil biofuel use up 26% from 2020 marketing year. Soybean ending stocks remain tight, at under 3% of usage for 2020 and about 3% projected for 2021. Most analysts expect planted acreage to exceed the USDA's original estimate.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/46687-soybean-outlook-soybean-markets-sensitive-to-biofuel-activity-agrinews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Biofuel demand now makes soybean oil and soybeans more sensitive to biofuel policy, and higher-than-expected acreage would add supply and pressure prices. Downside price risk is building in both corn and soybeans.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-02-23 | [USDA Outlook Points to 17% Rise in Soybean Oil Use for Biofuel Production - Michigan Advanced Biofuels Coalition](https://feedsoft.ai/events/20698-usda-outlook-points-to-17-rise-in-soybean-oil-use-for-biofuel-production.md) | +3.2% | +1.1% |
| SBO | 2026-09-07 | [Soybean oil used to produce US biofuels reaches new record in June - Fastmarkets](https://feedsoft.ai/events/14991-soybean-oil-used-to-produce-us-biofuels-reaches-new-record-in-june-fastmarkets.md) | -2.6% | -5.2% |
| SBO | 2026-10-05 | [Soybean oil used to produce US biofuels reaches new all-time high in July - Fastmarkets](https://feedsoft.ai/events/14988-soybean-oil-used-to-produce-us-biofuels-reaches-new-all-time-high-in-july.md) | +1.7% | +3.3% |
| SBO | 2026-05-20 | [Biofuel Policy Drives Soybean Oil Demand Higher Again - All Ag News](https://feedsoft.ai/events/15027-biofuel-policy-drives-soybean-oil-demand-higher-again-all-ag-news.md) | -2.3% | -4.5% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |
| SOY | 2024-12-31 | [2025 Soybean Outlook: Well-supplied market pressures prices – AgriNews](https://feedsoft.ai/events/27016-2025-soybean-outlook-well-supplied-market-pressures-prices-agrinews.md) | +1.0% | +8.0% |
| SOY | 2024-07-26 | [Corn & Soybean Market Outlook \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/29307-corn-and-soybean-market-outlook-industry-news-feedlotmagazine-com.md) | -8.4% | -15.7% |
| SOY | 2025-12-11 | [December WASDE maintains outlook for 2025-’26 soybean oil use in biofuel production](https://feedsoft.ai/events/15067-december-wasde-maintains-outlook-for-2025-26-soybean-oil-use-in-biofuel.md) | -3.0% | -3.9% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2021/06/30/soybean-outlook-soybean-markets-sensitive-to-biofuel-activity/

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