# WASDE maintains outlook for soybean oil use in biodiesel  | Biodiesel Magazine

> The December 2020 WASDE kept its projection for soybean oil use in biodiesel unchanged. The article is a brief report summary.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49518-wasde-maintains-outlook-for-soybean-oil-use-in-biodiesel-biodiesel-magazine
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

An unchanged biofuel use outlook gives no new signal, so soybean oil fundamentals are unchanged from the prior report.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-08-13 | [August WASDE maintains outlook for 2025-’26 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/23409-august-wasde-maintains-outlook-for-2025-26-soybean-oil-use-in-biofuel.md) | -3.0% | -4.1% |
| SBO | 2024-10-11 | [October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/27952-october-wasde-maintains-outlook-for-2024-25-soybean-oil-use-in-biofuel.md) | -2.8% | +10.4% |
| SBO | 2022-02-09 | [USDA maintains forecast for 2021-'22 soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/15417-usda-maintains-forecast-for-2021-22-soybean-oil-use-in-biofuel-biodiesel.md) | -0.1% | +13.2% |
| SBO | 2023-08-11 | [USDA maintains forecast for 2023-'24 soybean oil use in biofuel \| Biodiesel Magazine](https://feedsoft.ai/events/15284-usda-maintains-forecast-for-2023-24-soybean-oil-use-in-biofuel-biodiesel.md) | +0.7% | -6.4% |
| SBO | 2024-06-12 | [June WASDE maintains 2024-’25 forecast for soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/29863-june-wasde-maintains-2024-25-forecast-for-soybean-oil-use-in-biofuel-production.md) | +1.0% | +9.5% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/wasde-maintains-outlook-for-soybean-oil-use-in-biodiesel-2517292

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