# EU seeks to soothe U.S. by clearing soybeans for biofuel

> The European Commission concluded that US soybeans can be used for biofuel production in the EU, as part of efforts to ease strained trade relations with the United States. EU biofuel producers used about 400,000 tonnes of soybean oil in 2018 versus 5.9 million tonnes of rapeseed oil.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/60970-eu-seeks-to-soothe-u-s-by-clearing-soybeans-for-biofuel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Opening the EU biofuel market to US soybean oil could lift US soyoil export demand, though the EU's small soyoil use limits the volume effect. The trade-relations angle adds some positive sentiment for US soy exports.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-02-11 | [EU to tighten palm oil for biofuels rules](https://feedsoft.ai/events/60633-eu-to-tighten-palm-oil-for-biofuels-rules.md) | -3.0% | -4.8% |
| SBO | 2018-06-25 | [The White House's Soybean Problem Is A Win For Renewable Energy Group (NYSE:CVX) \| Seeking Alpha](https://feedsoft.ai/events/64407-the-white-house-s-soybean-problem-is-a-win-for-renewable-energy-group-nyse-cvx.md) | -0.3% | -4.2% |
| SBO | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | -1.5% | -7.0% |
| SBO | 2023-11-15 | [Lentils, soybean oil being purchased for OMS \| The Daily Star](https://feedsoft.ai/events/33498-lentils-soybean-oil-being-purchased-for-oms-the-daily-star.md) | +2.5% | -2.7% |
| SBO | 2026-07-28 | [Waste feedstock trade reroutes as US soybean oil biofuel demand keeps climbing - Fastmarkets](https://feedsoft.ai/events/18448-waste-feedstock-trade-reroutes-as-us-soybean-oil-biofuel-demand-keeps-climbing.md) | +1.2% | -2.4% |
| SOY | 2022-02-04 | [China scoops up U.S. soybeans for next year but corn plans unclear](https://feedsoft.ai/events/14954-china-scoops-up-u-s-soybeans-for-next-year-but-corn-plans-unclear.md) | +1.9% | +8.5% |
| SOY | 2026-02-05 | [China Faces Higher Prices for Further U.S. Soybean Buys to Please Trump](https://feedsoft.ai/events/14600-china-faces-higher-prices-for-further-u-s-soybean-buys-to-please-trump.md) | +2.9% | +6.5% |
| SOY | 2019-09-13 | [China to Exempt U.S. Soybeans, Pork From Punitive Tariffs](https://feedsoft.ai/events/56925-china-to-exempt-u-s-soybeans-pork-from-punitive-tariffs.md) | +1.1% | +4.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-eu/eu-calms-u-s-trade-ties-by-accepting-u-s-soybeans-in-biofuel-idUSKCN1PN1GT/

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