# Soybean Oil in the Driver’s Seat as Biodiesel Demand Explodes – The Van Trump Report

> The Van Trump Report says soybean oil prices in Decatur, Illinois have more than doubled since October 2020. Soybean oil's share of gross crush value reached over 45% in early May 2021, and USDA added a biofuel category to its May supply and demand report.

- Date: 2021-05-24 · published 2021-05-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46975-soybean-oil-in-the-driver-s-seat-as-biodiesel-demand-explodes-the-van-trump
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Biofuel demand is making soybean oil the main driver of crush margins, which supports soybean oil prices and shifts crush economics toward oil rather than meal.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Sources

- vantrumpreport.com: https://www.vantrumpreport.com/2021/05/24/soybean-oil-in-the-drivers-seat-as-biodiesel-demand-explodes/

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