# U.S. Producing Record Gallons of Biodiesel, But Imports Also Increasing - American Soybean Association

> The American Soybean Association reports that US biodiesel production reached a record 1.8 billion gallons in 2016, up from 1.4 billion in 2015. Imports rose to over 1 billion gallons and now capture more than a third of the market.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/72877-u-s-producing-record-gallons-of-biodiesel-but-imports-also-increasing-american
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record domestic biodiesel output supports soybean oil demand, but rising imports limit the gain for US crushers and soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.6% | -0.7% |
| SBO | 2017-09-01 | [ASA Asks EPA to Increase Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68822-asa-asks-epa-to-increase-biodiesel-rfs-volumes-american-soybean-association.md) | -0.3% | -6.2% |
| SBO | 2024-01-11 | [Increasing biodiesel production impacting soybean markets – AgriNews](https://feedsoft.ai/events/15243-increasing-biodiesel-production-impacting-soybean-markets-agrinews.md) | +0.4% | -4.6% |
| SBO | 2017-03-27 | [ASA Supports National Biodiesel Board Anti-Dumping Petition - American Soybean Association](https://feedsoft.ai/events/72087-asa-supports-national-biodiesel-board-anti-dumping-petition-american-soybean.md) | -1.4% | -1.7% |
| SBO | 2017-04-26 | [ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association](https://feedsoft.ai/events/71380-asa-applauds-introduction-of-biodiesel-tax-credit-reform-extension-act-american.md) | +2.4% | +2.4% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/u-s-producing-record-gallons-of-biodiesel-but-imports-also-increasing/

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