# Biodiesel's impact on soybean oil prices lower than previously thought - Brownfield Ag News

> Agricultural economist Scott Irwin says biodiesel production has had less effect on soybean oil prices than expected. He attributes this to surplus fats and oils generated by soybean crush driven by Chinese meal demand. He concludes soybean meal remains the main driver of soybean value.

- Date: 2017-09-15 · published 2017-09-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68823-biodiesel-s-impact-on-soybean-oil-prices-lower-than-previously-thought
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The analysis suggests soybean oil prices are more sensitive to meal demand and crush volumes than to biodiesel policy, which tempers the price effect of RFS changes on soy oil.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/biodiesels-impact-soybean-oil-prices-lower-previously-thought/

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