USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged

After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Jul 31, 2020US biodiesel production ticks up in May, soybean oil use hits 70% | Biodiesel Magazine+5.1%
• Jan 12, 2024USDA boosts forecast for 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-0.1%
• May 12, 2022USDA: More soybean oil will go biofuel production in 2022-“23 | Biodiesel Magazine-4.9%
• Feb 26, 2025USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 | Biodiesel Magazine-5.7%
• Sep 12, 2024USDA increases estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-0.0%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes-4.5%
• Aug 12, 2022USDA Lowers Corn Production, Increases Soybean Production in August Reports-10.9%
• Jun 15, 2020The forecast increase in soybean production will increase pressure on oilseed prices in the new season-0.7%
• Aug 10, 2017USDA Forecasts Record-High Soybean Production in 2017-3.9%
• Oct 19, 2018Soybean oil production increased in September - McKeany-Flavell-3.8%