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USDA forecasts US soybean oil use for biofuels will rise to 17.8 billion pounds in the 2026-27 marketing year from 14.8 billion pounds, an increase of about 20%. The rise is tightening supplies available to industrial users.
Strong biofuel demand absorbs soybean oil and supports soyoil prices, while industrial users face higher costs that may shift demand toward palm oil and other vegetable oils.
bioenergytimes.comOct 27, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
