# USDA to expand forecasts on soyoil use in biofuels in May crop report - Markets - Business Recorder

> The USDA will change how it reports soybean oil use by biofuel producers starting with the May WASDE report. The updated forecast will combine biodiesel and renewable diesel use into one category, with further details due later that week.

- Date: 2021-04-08 · published 2021-04-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47668-usda-to-expand-forecasts-on-soyoil-use-in-biofuels-in-may-crop-report-markets
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Separating out biofuel soyoil demand gives buyers clearer visibility into a fast-growing use that is tightening vegetable oil supplies, which supports soyoil and soybean meal pricing dynamics.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SBO | 2020-06-12 | [US soy crush seen at 173.071mn bushels - Markets - Business Recorder](https://feedsoft.ai/events/52699-us-soy-crush-seen-at-173-071mn-bushels-markets-business-recorder.md) | +2.0% | +2.2% |
| SBO | 2020-07-31 | [Soybeans firm as US biodiesel data lifts soyoil; corn flat - Markets - Business Recorder](https://feedsoft.ai/events/51967-soybeans-firm-as-us-biodiesel-data-lifts-soyoil-corn-flat-markets-business.md) | +5.1% | +11.1% |
| SBO | 2025-05-12 | [USDA: May WASDE predicts soybean oil use in biofuel will expand for 2025-‘26 \| Biomass Magazine](https://feedsoft.ai/events/15120-usda-may-wasde-predicts-soybean-oil-use-in-biofuel-will-expand-for-2025-26.md) | -0.4% | -4.1% |
| 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% |
| SOY | 2020-08-11 | [CBOT soybeans end near unchanged ahead of US crop report - Markets - Business Recorder](https://feedsoft.ai/events/10683-cbot-soybeans-end-near-unchanged-ahead-of-us-crop-report-markets-business.md) | +4.1% | +11.0% |
| SOY | 2020-08-12 | [Corn, soybeans rise after USDA confirms massive US crops - Markets - Business Recorder](https://feedsoft.ai/events/51546-corn-soybeans-rise-after-usda-confirms-massive-us-crops-markets-business.md) | +3.9% | +11.6% |
| SOY | 2024-09-12 | [USDA Forecasts Record Corn Yield of 183.6 BPA in September Report](https://feedsoft.ai/events/28256-usda-forecasts-record-corn-yield-of-183-6-bpa-in-september-report.md) | +3.5% | +4.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40082305

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