# U.S. soy oil plays vital role in biodiesel, export markets | National | farmweeknow.com

> Domestic U.S. soybean oil use for biodiesel rose 11.3% from 2019 through October 2020, driven by COVID-related reductions in restaurant grease supply. Industry analysts note that lower ethanol output has reduced DDGS use in feed, with soybean meal filling the gap, and that export sales of soy oil have lagged the prior year.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/49247-u-s-soy-oil-plays-vital-role-in-biodiesel-export-markets-national-farmweeknow
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Strong biodiesel demand tightens soy oil supply and shifts feed rations toward soybean meal, supporting soy oil and meal prices while DDGS availability may recover later.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SBO | 2022-10-26 | [Senators to EPA: Use RFS 'set rule' to raise blending targets \| National \| farmweeknow.com](https://feedsoft.ai/events/15360-senators-to-epa-use-rfs-set-rule-to-raise-blending-targets-national-farmweeknow.md) | +0.6% | -1.2% |
| SBO | 2023-02-07 | [Indonesia shakes palm oil market again, eyeing biodiesel over exports - Nikkei Asia](https://feedsoft.ai/events/15757-indonesia-shakes-palm-oil-market-again-eyeing-biodiesel-over-exports-nikkei-asia.md) | +1.6% | +1.8% |
| SBO | 2023-04-12 | [Drought, Biodiesel Impacting Soyoil Prices, Exports - Pro Farmer](https://feedsoft.ai/events/15318-drought-biodiesel-impacting-soyoil-prices-exports-pro-farmer.md) | +0.8% | -3.3% |
| SBO | 2024-02-21 | [Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb](https://feedsoft.ai/events/31770-brazil-s-rising-biodiesel-mandate-to-slow-soyoil-exports-agweb.md) | -1.9% | +4.7% |
| SBM | 2024-02-21 | [Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb](https://feedsoft.ai/events/31770-brazil-s-rising-biodiesel-mandate-to-slow-soyoil-exports-agweb.md) | -5.2% | -5.5% |
| SBM | 2018-11-09 | [Brazil biodiesel group seeks 10-pct retention on soy export earnings - Ubrabio](https://feedsoft.ai/events/62127-brazil-biodiesel-group-seeks-10-pct-retention-on-soy-export-earnings-ubrabio.md) | -0.2% | +0.6% |
| SBM | 2022-03-19 | [Argentina hikes export tax on soy oil, meal to 33% to combat inflation](https://feedsoft.ai/events/14044-argentina-hikes-export-tax-on-soy-oil-meal-to-33-to-combat-inflation.md) | +1.4% | -3.3% |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/policy/national/u-s-soy-oil-plays-vital-role-in-biodiesel-export-markets/article_2bf2aff4-5cd0-11eb-ba6d-9fc0bab60539.html

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