# 768 million pounds of soybean oil went to biodiesel in December - McKeany-Flavell

> US biodiesel producers used a record 768 million pounds of soybean oil in December 2018, beating August's prior record by over 60 million pounds. Biodiesel output reached 168 million gallons, up 13.5% year over year, and soybean oil was cheap at about 28 cents per pound in the second half of 2018.

- Date: 2019-03-06 · published 2019-03-06T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/60179-768-million-pounds-of-soybean-oil-went-to-biodiesel-in-december-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong biodiesel demand for soybean oil supports soy oil prices and draws feedstock away from meal-oriented crush margins, so it tightens the soy complex on the oil side. Corn oil use also rose, supporting that feedstock.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-08-04 | [Record soybean oil use for biodiesel in May - McKeany-Flavell](https://feedsoft.ai/events/51685-record-soybean-oil-use-for-biodiesel-in-may-mckeany-flavell.md) | -1.5% | +4.1% |
| SBO | 2021-06-09 | [Will Biodiesel Demand Lead to a Paradigm Shift in Soybean Oil? \| news.cqg.com](https://feedsoft.ai/events/46442-will-biodiesel-demand-lead-to-a-paradigm-shift-in-soybean-oil-news-cqg-com.md) | -8.6% | -13.5% |
| SBO | 2022-05-23 | [Crude oil, Indonesian trade policy gyrations drive soybean oil prices - McKeany-Flavell](https://feedsoft.ai/events/41479-crude-oil-indonesian-trade-policy-gyrations-drive-soybean-oil-prices-mckeany.md) | -1.6% | -9.5% |
| SBO | 2021-12-13 | [WASDE, EPA biofuel news drive soybean market - McKeany-Flavell](https://feedsoft.ai/events/9258-wasde-epa-biofuel-news-drive-soybean-market-mckeany-flavell.md) | +0.9% | +5.0% |
| SBO | 2026-06-30 | [Biodiesel boom drives soybean oil to 4-year high](https://feedsoft.ai/events/18887-biodiesel-boom-drives-soybean-oil-to-4-year-high.md) | +1.3% | +1.8% |
| SOY | 2021-08-30 | [Biofuel rumors loom over soybean market - McKeany-Flavell](https://feedsoft.ai/events/45593-biofuel-rumors-loom-over-soybean-market-mckeany-flavell.md) | -5.6% | -5.3% |
| SOY | 2026-06-30 | [Biodiesel boom drives soybean oil to 4-year high](https://feedsoft.ai/events/18887-biodiesel-boom-drives-soybean-oil-to-4-year-high.md) | +7.9% | +9.3% |
| SOY | 2021-11-03 | [Rise of biodiesel leads to jump in cooking oil prices, skyrocketing demand for soybeans \| Here & Now](https://feedsoft.ai/events/44128-rise-of-biodiesel-leads-to-jump-in-cooking-oil-prices-skyrocketing-demand-for.md) | -3.6% | -1.3% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/biodiesel-feedstocks-03-06-19/

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