# Soy oil prices declining thanks to drops in U.S. government biodiesel mandates  : The Daily Digest

> Soy oil prices declined after the U.S. government proposed lower biodiesel mandates for 2018 and 2019. Traders had expected continued increases in mandate volumes, so the proposal surprised the market.

- Date: 2017-10-08 · published 2017-10-08T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/68541-soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower biodiesel blending requirements reduce domestic demand for soybean oil, pressuring soyoil prices and possibly canola oil; the soybean meal impact is expected to be limited.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -2.2% | +3.3% |
| SBO | 2023-06-21 | [EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop](https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop.md) | -0.5% | +5.8% |
| SBO | 2020-11-20 | [Government authorizes import of soy oil for biodiesel production - DatamarNews](https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews.md) | -0.3% | +3.2% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2017-12-08 | [Palm oil beat down vegetable oil prices  : The Daily Digest](https://feedsoft.ai/events/12715-palm-oil-beat-down-vegetable-oil-prices-the-daily-digest.md) | -0.7% | +0.5% |
| SOY | 2017-09-27 | [EPA signals cut to U.S. biodiesel blending; soyoil prices drop - Governors' Biofuels Coalition](https://feedsoft.ai/events/69027-epa-signals-cut-to-u-s-biodiesel-blending-soyoil-prices-drop-governors-biofuels.md) | -0.9% | +1.2% |
| SOY | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.4% | -2.3% |
| SOY | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +7.4% | +11.9% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates/

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