# Soybean oil now drives crop price

> A U.S. Soybean Export Council official said oil now accounts for about 40 to 45 percent of soybean value, up from 30 to 35 percent historically. He expects this share to persist for years. The article attributes the shift to soybean oil's growing importance in crop pricing.

- Date: 2021-05-17 · published 2021-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47123-soybean-oil-now-drives-crop-price
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger oil share means soybean oil demand, including biofuel use, increasingly sets soybean prices, leaving soymeal relatively cheaper and supportive for feed buyers.

## Read by commodity

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

## Sources

- producer.com: https://www.producer.com/markets/soybean-oil-now-drives-crop-price/

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