# Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association

> An analysis of U.S. soybean markets finds that weaker export demand and weaker biofuel demand, compared with the MY 23/24 benchmark year, reinforced each other. The result was soybean oil prices about 3.97 cents per pound lower than under MY 23/24 demand conditions.

- Date: 2026-10-14 · published 2026-10-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower soybean oil demand from biofuels and exports pressures soybean oil values and weakens the crush margin for soybean meal. Feed buyers should watch whether biofuel policy changes shift this balance.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-06 | [EPA’s Biomass-Based Blending Levels Less Than Expected by Markets - American Soybean Association](https://feedsoft.ai/events/15291-epa-s-biomass-based-blending-levels-less-than-expected-by-markets-american.md) | -0.3% | -2.6% |
| SBO | 2019-07-08 | [EPA’s Proposed Biofuels Volumes a Big Miss for Soybean Farmers - American Soybean Association](https://feedsoft.ai/events/57956-epa-s-proposed-biofuels-volumes-a-big-miss-for-soybean-farmers-american-soybean.md) | +2.4% | +2.7% |
| SBO | 2019-08-12 | [More Waivers, More Woes for Struggling Soy Markets - American Soybean Association](https://feedsoft.ai/events/57451-more-waivers-more-woes-for-struggling-soy-markets-american-soybean-association.md) | -1.3% | -4.2% |
| SBO | 2024-09-06 | [Advocating for Soy Biomass-Based Diesel in California - American Soybean Association](https://feedsoft.ai/events/15183-advocating-for-soy-biomass-based-diesel-in-california-american-soybean.md) | -2.7% | +1.0% |
| SBO | 2017-07-05 | [ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association](https://feedsoft.ai/events/69850-asa-rfs-volumes-a-missed-opportunity-for-biodiesel-american-soybean-association.md) | +1.8% | +2.2% |
| SOY | 2017-12-19 | [10 Years of Biodiesel in the RFS - American Soybean Association](https://feedsoft.ai/events/67351-10-years-of-biodiesel-in-the-rfs-american-soybean-association.md) | -0.2% | +1.2% |
| SOY | 2017-07-05 | [ASA: RFS Volumes a Missed Opportunity for Biodiesel - American Soybean Association](https://feedsoft.ai/events/69850-asa-rfs-volumes-a-missed-opportunity-for-biodiesel-american-soybean-association.md) | +6.3% | -0.5% |
| SOY | 2022-01-28 | [Soy Growers Want Off EPA’s Deadline Merry-Go-Round - American Soybean Association](https://feedsoft.ai/events/15424-soy-growers-want-off-epa-s-deadline-merry-go-round-american-soybean-association.md) | +6.6% | +9.8% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets/

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