Soyabean oil comprises larger share of US biodiesel production

After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Jul 31, 2020US biodiesel production ticks up in May, soybean oil use hits 70% | Biodiesel Magazine+5.1%
• Nov 13, 2020USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged - The Jacobsen+4.8%
• Feb 4, 2021WASDE forecasts rise in use of soyabean oil in biodiesel+1.9%
• May 12, 2022USDA: More soybean oil will go biofuel production in 2022-“23 | Biodiesel Magazine-4.9%
• Jan 12, 2024USDA boosts forecast for 2023-’24 soybean oil use in biofuel production | Biodiesel Magazine-0.1%

After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.

• Feb 4, 2021WASDE forecasts rise in use of soyabean oil in biodiesel-2.4%
• Apr 30, 2025US soybean oil consumption for RD production hits all-time low-1.5%
• Jan 14, 2025US soybean production drops, global oilseed crush rises in 2024/25 | Feed & Grain-0.9%
• Feb 23, 2026USDA Outlook Points to 17% Rise in Soybean Oil Use for Biofuel Production - Michigan Advanced Biofuels Coalition+3.4%
• Dec 3, 2019September biodiesel production down 13 percent - McKeany-Flavell+1.9%