# High Oleic Soybean Oil Has Potential to Create Additional Soybean Meal Demand in U.S. Animal Agriculture - Decision Innovation Solutions

> An article notes soybean oil is the dominant edible oil in the US, with about 34% of domestic use going to biodiesel. It describes growing canola oil use in fast food and food products, and argues that high oleic soybean oil could expand soybean meal demand in US animal agriculture.

- Date: 2017-12-07 · published 2017-12-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67576-high-oleic-soybean-oil-has-potential-to-create-additional-soybean-meal-demand
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A shift toward high oleic soybean oil could increase crushing and soybean meal output, while growing canola oil competition affects soybean oil demand. The effect on prices is speculative and long-term.

## Read by commodity

- SBM: neutral
- SBO: neutral

## Sources

- decision-innovation.com: https://www.decision-innovation.com/news/high-oleic-soybean-oil-has-potential-to-create-additional-soybean-meal-demand-in-u-s-animal-agriculture/

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