# US biodiesel production ticks up in May, soybean oil use hits 70% | Biodiesel Magazine

> US biodiesel production rose slightly in May, according to Energy Information Administration data. Soybean oil made up about 70% of the feedstock used. The report shows continued reliance on soyoil for biofuel output.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52197-us-biodiesel-production-ticks-up-in-may-soybean-oil-use-hits-70-biodiesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A high soyoil share in biodiesel output keeps domestic soybean oil demand firm, which supports soyoil prices and the crush margin for soybean meal.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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 | 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% |
| SBO | 2026-08-03 | [US soybean oil use for biofuels production hits record high in May - Fastmarkets](https://feedsoft.ai/events/14999-us-soybean-oil-use-for-biofuels-production-hits-record-high-in-may-fastmarkets.md) | +2.6% | -0.7% |

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/us-biodiesel-production-ticks-up-in-may-soybean-oil-use-hits-70-2517096

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