# Growing biodiesel industry benefits soybean farmers - Brownfield Ag News

> A National Biodiesel Board member said biodiesel used almost 8.5 billion pounds of soybean oil last year, about one-third of domestic soybean crush. He said this adds about $1.15 per bushel to soybeans at the farm gate.

- Date: 2020-01-22 · published 2020-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54955-growing-biodiesel-industry-benefits-soybean-farmers-brownfield-ag-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Biodiesel demand absorbs a large share of soybean oil output, supporting crush margins and soybean farm-gate values.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/growing-biodiesel-industry-benefits-soybean-farmers/

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