# Soyabean oil comprises larger share of US biodiesel production

> The EIA reports that biodiesel now uses about 30% of US soybean oil consumption, up from about 15% in 2010/11. Soybean oil use for biodiesel reached 3.2 million tonnes in 2017/18, and the increase was driven largely by the Renewable Fuel Standard. The EIA also notes that crush margins were near record highs when China imposed its 25% tariff in July 2018.

- Date: 2019-10-05 · published 2019-10-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56442-soyabean-oil-comprises-larger-share-of-us-biodiesel-production
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Biodiesel is now a major outlet for soybean oil, so changes in biofuel mandates directly shift oil demand and the crush economics that also determine soybean meal supply.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-07-31 | [US biodiesel production ticks up in May, soybean oil use hits 70% \| Biodiesel Magazine](https://feedsoft.ai/events/52197-us-biodiesel-production-ticks-up-in-may-soybean-oil-use-hits-70-biodiesel.md) | +5.1% | +11.1% |
| SBO | 2020-11-13 | [USDA Leaves Soybean Oil Use in Biodiesel Production Unchanged - The Jacobsen](https://feedsoft.ai/events/50022-usda-leaves-soybean-oil-use-in-biodiesel-production-unchanged-the-jacobsen.md) | +4.8% | +6.8% |
| SBO | 2021-02-04 | [WASDE forecasts rise in use of soyabean oil in biodiesel](https://feedsoft.ai/events/48508-wasde-forecasts-rise-in-use-of-soyabean-oil-in-biodiesel.md) | +1.9% | +10.1% |
| 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 | 2024-01-12 | [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% |
| SBM | 2021-02-04 | [WASDE forecasts rise in use of soyabean oil in biodiesel](https://feedsoft.ai/events/48508-wasde-forecasts-rise-in-use-of-soyabean-oil-in-biodiesel.md) | -2.4% | -3.6% |
| SBM | 2025-04-30 | [US soybean oil consumption for RD production hits all-time low](https://feedsoft.ai/events/25203-us-soybean-oil-consumption-for-rd-production-hits-all-time-low.md) | -1.5% | +1.2% |
| SBM | 2025-01-14 | [US soybean production drops, global oilseed crush rises in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26590-us-soybean-production-drops-global-oilseed-crush-rises-in-2024-25-feed-and-grain.md) | -0.9% | -0.4% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/soyabean-oil-comprises-larger-share-of-us-biodiesel-production

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