# Biodiesel Boosts Demand for Iowa Soybeans | Iowa Soybean

> An Iowa Soybean Association feature describes a Story County farmer's use of B20 biodiesel and a farmer survey showing 93% have used or would consider biodiesel. Soybean oil is the main feedstock for US biodiesel, and biodiesel production adds about 13% to soybean value. The article cites recent soybean prices in the teens.

- Date: 2021-03-15 · published 2021-03-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Biodiesel demand for soybean oil supports crush margins and soybean values. Strong crush demand also lifts meal supply, which matters for feed costs.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-05-14 | [3 ways biodiesel boosts soybean returns](https://feedsoft.ai/events/64925-3-ways-biodiesel-boosts-soybean-returns.md) | -0.6% | -1.9% |
| SBO | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | -1.2% | -1.1% |
| SBO | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -1.0% | -3.0% |
| SBO | 2019-11-12 | [Brazil to boost biodiesel blend to 15% by 2023, helping soy demand](https://feedsoft.ai/events/55928-brazil-to-boost-biodiesel-blend-to-15-by-2023-helping-soy-demand.md) | -2.5% | +0.2% |
| SBO | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.6% | -0.7% |
| SOY | 2020-09-16 | [South Dakota Soybean \| Biodiesel Industry Plans for Future Growth;…](https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth.md) | +2.8% | +5.3% |
| SOY | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -0.3% | -4.5% |
| SOY | 2019-11-12 | [Brazil to boost biodiesel blend to 15% by 2023, helping soy demand](https://feedsoft.ai/events/55928-brazil-to-boost-biodiesel-blend-to-15-by-2023-helping-soy-demand.md) | +0.6% | -0.4% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/isr-biodiesel-boost

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