# USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged - The Jacobsen

> The Jacobsen reported that USDA left soybean oil use in biodiesel production unchanged. It also said NOPA is expected to release October crush data the following week, with the crush likely the second highest monthly level on record.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/50022-usda-leaves-soybean-oil-use-in-biodiesel-production-unchanged-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A strong crush produces more soybean meal and oil, and growing renewable diesel demand supports soybean oil prices. Unchanged USDA biofuel usage estimates leave that demand outlook intact.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-07-31 | [US biodiesel production ticks up in May, soybean oil use hits 70% \| Biodiesel Magazine](https://feedsoft.ai/events/52197-us-biodiesel-production-ticks-up-in-may-soybean-oil-use-hits-70-biodiesel.md) | +5.1% | +11.1% |
| SBO | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -0.1% | -4.0% |
| SBO | 2022-05-12 | [USDA: More soybean oil will go biofuel production in 2022-“23 \| Biodiesel Magazine](https://feedsoft.ai/events/41485-usda-more-soybean-oil-will-go-biofuel-production-in-2022-23-biodiesel-magazine.md) | -4.9% | -5.6% |
| SBO | 2025-02-26 | [USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 \| Biodiesel Magazine](https://feedsoft.ai/events/15143-usda-predicts-soybean-oil-use-in-biofuel-production-will-increase-in-2025-26.md) | -5.7% | -5.1% |
| SBO | 2024-09-12 | [USDA increases estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production  \| Biodiesel Magazine](https://feedsoft.ai/events/15188-usda-increases-estimates-for-2022-23-and-2023-24-soybean-oil-use-in-biofuel.md) | -0.0% | +3.5% |
| SBM | 2021-09-30 | [Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes](https://feedsoft.ai/events/45035-soybeans-plunge-wheat-rallies-on-usda-stocks-and-production-changes.md) | -4.5% | -2.1% |
| SBM | 2022-08-12 | [USDA Lowers Corn Production, Increases Soybean Production in August Reports](https://feedsoft.ai/events/39956-usda-lowers-corn-production-increases-soybean-production-in-august-reports.md) | -10.9% | -15.4% |
| SBM | 2020-06-15 | [The forecast increase in soybean production will increase pressure on oilseed prices in the new season](https://feedsoft.ai/events/52737-the-forecast-increase-in-soybean-production-will-increase-pressure-on-oilseed.md) | -0.7% | -2.0% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2020/11/13/usda-leaves-soybean-oil-use-in-biodiesel-production-unchanged/

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