# Soybean Oil Paves the Way | Feed & Grain

> Iowa State University researchers are nearing commercialization of a bio-based polymer made from soybean oil that could replace petroleum-based asphalt binders. The article cites an Iowa Soybean Association biodiesel study estimating a 12.9-cent rise in soyoil price per pound.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50725-soybean-oil-paves-the-way-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A new industrial use for soy oil could add modest long-term demand, but volumes of about 1.6 billion pounds are small relative to the overall market, so the near-term price impact is limited.

## Read by commodity

- SBO: bullish ▲

## Sources

- feedandgrain.com: https://www.feedandgrain.com/business-markets/commodities/article/15394637/soybean-oil-paves-the-way

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