# US biodiesel output rises to 144M gallons in Oct. - BusinessWorld Online

> US biodiesel production rose to 144 million gallons in October from 142 million in September, according to the US Energy Information Administration. Soybean oil remained the largest feedstock at 558 million pounds, about 51% of the total, down from 599 million in September.

- Date: 2020-01-05 · published 2020-01-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55176-us-biodiesel-output-rises-to-144m-gallons-in-oct-businessworld-online
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soybean oil use for biodiesel in October reduces domestic soy oil demand, which is bearish for soy oil prices and shifts crush economics toward meal.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-01-01 | [October biodiesel production fell slightly to 146 million gallons  : The Daily Digest](https://feedsoft.ai/events/67049-october-biodiesel-production-fell-slightly-to-146-million-gallons-the-daily.md) | +1.1% | -0.0% |
| SBO | 2021-09-13 | [USDA reduces 2021-'22 forecast for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/44934-usda-reduces-2021-22-forecast-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -0.7% | +6.4% |
| SBO | 2021-08-12 | [USDA lowers forecasts for soybean oil use in biofuel  \| Biodiesel Magazine](https://feedsoft.ai/events/45445-usda-lowers-forecasts-for-soybean-oil-use-in-biofuel-biodiesel-magazine.md) | -2.3% | -9.7% |
| SBO | 2022-01-22 | [news: Expansion of US renewable diesel output limited by feedstock constrains](https://feedsoft.ai/events/15429-news-expansion-of-us-renewable-diesel-output-limited-by-feedstock-constrains.md) | +0.9% | +3.8% |
| SBO | 2023-07-13 | [Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder](https://feedsoft.ai/events/35140-palm-oil-falls-over-2-on-higher-global-edible-oils-output-forecast-markets.md) | -2.4% | -2.6% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2020/01/06/271798/us-biodiesel-output-rises-to-144m-gallons-in-oct/

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