# Surge in US Biodiesel Exports Strains Soybean Supplies

> Gro Intelligence reports that U.S. biodiesel exports more than tripled in the first two months of 2021. The surge adds to domestic biodiesel demand and strains already tight soybean supplies.

- Date: 2021-04-14 · published 2021-04-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/47463-surge-in-us-biodiesel-exports-strains-soybean-supplies
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising soybean oil export demand for biofuel tightens soybean supplies, supporting soybean and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-26 | [Record US Soybean Exports Contribute to Price Surge](https://feedsoft.ai/events/45590-record-us-soybean-exports-contribute-to-price-surge.md) | -5.1% | -4.6% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SOY | 2017-08-23 | [Argentine biodiesel industry says U.S. duties will halt exports](https://feedsoft.ai/events/69539-argentine-biodiesel-industry-says-u-s-duties-will-halt-exports.md) | -0.3% | +3.9% |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2017-05-16 | [Expanding hog herd drives surge in China's soybean imports - Brownfield Ag News](https://feedsoft.ai/events/71005-expanding-hog-herd-drives-surge-in-china-s-soybean-imports-brownfield-ag-news.md) | -0.9% | -3.4% |
| SBO | 2025-03-03 | [US Soybean Oil Exports to Remain Strong Into 2025-26](https://feedsoft.ai/events/11142-us-soybean-oil-exports-to-remain-strong-into-2025-26.md) | -3.5% | -0.7% |
| SBO | 2022-05-24 | [Brazil’s Soybean Oil Exports Offset Biodiesel Fall \| CZ app](https://feedsoft.ai/events/41480-brazil-s-soybean-oil-exports-offset-biodiesel-fall-cz-app.md) | -2.0% | -12.6% |
| SBO | 2017-08-23 | [Argentine biodiesel industry says U.S. duties will halt exports](https://feedsoft.ai/events/69539-argentine-biodiesel-industry-says-u-s-duties-will-halt-exports.md) | +0.6% | +1.8% |

## Sources

- gro-intelligence.com: https://www.gro-intelligence.com/insights/surge-in-us-biodiesel-exports-strains-soybean-supplies

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