# EU seeks to placate Washington by approving soybeans for biofuel - BusinessWorld Online

> The European Commission ruled that US soybeans can be used for biofuel production in the EU, valid until July 1, 2021 and extendable if sustainability criteria are met. Industry sources said the decision is unlikely to lead to a large increase in US soybean imports. The move is part of the EU's effort to ease trade tensions with Washington.

- Date: 2019-02-03 · published 2019-02-03T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/60681-eu-seeks-to-placate-washington-by-approving-soybeans-for-biofuel-businessworld
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The ruling removes a barrier that let EU processors use soyoil domestically, but it is not expected to add much soybean import demand. Price impact is modest, though it supports US soybean export flows over time.

## Read by commodity

- SBO: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |
| SOY | 2026-06-26 | [Chinese State Buyers Take US Soybeans; Private Traders Turn to Brazil \| CZ app](https://feedsoft.ai/events/14574-chinese-state-buyers-take-us-soybeans-private-traders-turn-to-brazil-cz-app.md) | +0.4% | +10.7% |
| SOY | 2026-08-12 | [Private traders sit out, testing China pledge on soybeans - TT](https://feedsoft.ai/events/14555-private-traders-sit-out-testing-china-pledge-on-soybeans-tt.md) | +4.6% | +12.9% |
| SOY | 2026-09-29 | [US soybeans rise on bargain buying, China tariff decision limits gains - Markets - Business Recorder](https://feedsoft.ai/events/17521-us-soybeans-rise-on-bargain-buying-china-tariff-decision-limits-gains-markets.md) | -0.6% | -3.6% |
| SOY | 2021-03-04 | [ExportPlanning - A record year for US Soybeans - ExportPlanning](https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning.md) | +0.1% | +1.8% |
| SBO | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -1.6% | +8.6% |
| SBO | 2019-08-07 | [EU imposes duties of up to 18 percent on Indonesian biodiese - Business - The Jakarta Post](https://feedsoft.ai/events/57463-eu-imposes-duties-of-up-to-18-percent-on-indonesian-biodiese-business-the.md) | +6.1% | +4.8% |
| SBO | 2023-11-01 | [WTO agrees dispute panel to review EU import duties on Indonesian biodiesel](https://feedsoft.ai/events/15688-wto-agrees-dispute-panel-to-review-eu-import-duties-on-indonesian-biodiesel.md) | +0.3% | +7.1% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2019/02/04/212264/eu-seeks-to-placate-washington-by-approving-soybeans-for-biofuel/

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