# US domestic soybean oil demand could rise this year: sources | S&P Global

> US domestic soybean oil demand could rise slightly in 2020, market sources said, citing the reinstated $1-per-gallon biomass-based diesel blending credit. USDA data showed January soybean crush up 3% year on year and soybean meal output for feed up 4%.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/53997-us-domestic-soybean-oil-demand-could-rise-this-year-sources-s-and-p-global
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger biodiesel-driven crush supports soybean oil demand and adds meal supply for feed buyers. The result is a firmer oil share and steady meal availability, with mixed price effects on meal.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-10-02 | [US Domestic Soybean Oil Demand Could Rise \| Feed & Grain](https://feedsoft.ai/events/50506-us-domestic-soybean-oil-demand-could-rise-feed-and-grain.md) | +1.8% | +1.3% |
| SBO | 2026-05-14 | [EPA RVO Could Increase Soybean Oil Demand](https://feedsoft.ai/events/15022-epa-rvo-could-increase-soybean-oil-demand.md) | +0.5% | -2.1% |
| SBO | 2025-08-14 | [Increased domestic soybean oil demand comes with challenges](https://feedsoft.ai/events/15095-increased-domestic-soybean-oil-demand-comes-with-challenges.md) | -3.9% | -3.7% |
| SBO | 2021-08-18 | [Biden push to cut emissions likely to pressure US soybean oil supply in coming years \| S&P Global](https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming.md) | -5.7% | -10.0% |
| SBO | 2024-01-22 | [Soybean Oil Rises With More US Demand Forecast for Biofuels - Bloomberg](https://feedsoft.ai/events/32190-soybean-oil-rises-with-more-us-demand-forecast-for-biofuels-bloomberg.md) | -0.9% | -2.2% |
| SBM | 2020-10-02 | [US Domestic Soybean Oil Demand Could Rise \| Feed & Grain](https://feedsoft.ai/events/50506-us-domestic-soybean-oil-demand-could-rise-feed-and-grain.md) | +4.1% | +9.2% |
| SBM | 2021-08-18 | [Biden push to cut emissions likely to pressure US soybean oil supply in coming years \| S&P Global](https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming.md) | -1.5% | -3.7% |
| SBM | 2026-08-28 | [Grain Journal \| Updated 45Z Model Could Boost Soybean Demand and…](https://feedsoft.ai/events/17983-grain-journal-updated-45z-model-could-boost-soybean-demand-and.md) | +4.5% | +12.9% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/030320-us-domestic-soybean-oil-demand-could-rise-this-year-sources

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