# Growing biodiesel industry benefits soy growers - Brownfield Ag News

> A National Biodiesel Board board member said U.S. biodiesel demand for soybean oil has risen about 300% over the past decade, with 8 billion pounds used last year. He said this demand supports farmgate soybean values.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49020-growing-biodiesel-industry-benefits-soy-growers-brownfield-ag-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong biodiesel-driven soybean oil demand supports the soybean price per bushel through higher crush value.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/growing-biodiesel-industry-benefits-soy-growers/

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