# The increased production of biodiesel will strengthen oilseed prices in 2018

> Oil World projects global biodiesel production to rise about 2.17% in 2018 to 37.52 million tonnes. Increases are expected in the US, Indonesia, and the EU, and Argentina's output is forecast to fall. The article links the rise to firmer demand for oilseeds and vegetable oils.

- Date: 2018-03-28 · published 2018-03-28T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/66097-the-increased-production-of-biodiesel-will-strengthen-oilseed-prices-in-2018
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher biodiesel output increases demand for soybean oil and palm oil, which supports oilseed prices. Argentine output cuts and trade disputes add uncertainty to supply.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-26 | [USDA predicts soybean oil use in biofuel production will increase in 2025-‘26 \| Biodiesel Magazine](https://feedsoft.ai/events/15143-usda-predicts-soybean-oil-use-in-biofuel-production-will-increase-in-2025-26.md) | -5.7% | -5.1% |
| 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 | 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 | 2021-02-27 | [The US produced more than 1.8 billion gallons of biodiesel in 2020](https://feedsoft.ai/events/48732-the-us-produced-more-than-1-8-billion-gallons-of-biodiesel-in-2020.md) | +1.1% | +12.9% |
| SBO | 2017-09-19 | [In 2017 – 2018 global sunflower production will decrease by 1 million tonnes](https://feedsoft.ai/events/69077-in-2017-2018-global-sunflower-production-will-decrease-by-1-million-tonnes.md) | -1.2% | -1.8% |
| PALMOIL | 2024-04-29 | [World Bank Predicts Palm Oil Prices to Strengthen in 2024](https://feedsoft.ai/events/30835-world-bank-predicts-palm-oil-prices-to-strengthen-in-2024.md) | -6.1% | -5.0% |
| PALMOIL | 2022-12-20 | [USDA lowers 2022/23 global oilseed production forecast by 1M tonnes](https://feedsoft.ai/events/38366-usda-lowers-2022-23-global-oilseed-production-forecast-by-1m-tonnes.md) | +0.6% | +1.7% |
| PALMOIL | 2017-10-19 | [Mistry cuts palm oil production forecast, sees prices climbing](https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing.md) | +0.6% | +1.4% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/zbilshennya-virobnitctva-biodizelya-ukripit-tcini-na-olijni-u-2018-rotci.html

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