# Biodiesel Demand Rises as Extreme Weather Pressures Soybean Supply

> A Taiwanese market commentary says high fossil fuel prices are lifting biofuel demand for soybeans. The USDA projects 2026/27 US biofuel soybean oil use of 17.8 billion pounds, up about 20%. Serasa estimates Brazil's 2026/27 soybean crop could fall about 10% due to a strong El Niño, and Brazil's B16 mandate is expected to lift crushing to a record 66 million tonnes in 2027.

- Date: 2026-11-03 · published 2026-11-03T03:11:55.258Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/76937-biodiesel-demand-rises-as-extreme-weather-pressures-soybean-supply
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong biofuel demand plus a possible Brazilian crop shortfall tightens soybean and soybean oil supplies, supporting prices, while expected Brazilian crush growth adds meal supply.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-01-30 | [Soybean Futures Surge on Strong Meal Demand, Argentina Weather](https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather.md) | +3.7% | +7.9% |
| SOY | 2023-10-25 | [All over Brazil, extreme weather is affecting soybean planting](https://feedsoft.ai/events/13618-all-over-brazil-extreme-weather-is-affecting-soybean-planting.md) | -0.6% | +6.3% |
| SOY | 2024-04-12 | [AgroPages-Extreme weather knocks down Brazil's soybean and corn production-Agricultural news](https://feedsoft.ai/events/13579-agropages-extreme-weather-knocks-down-brazil-s-soybean-and-corn-production.md) | -2.2% | +2.9% |
| SOY | 2026-08-28 | [Soybean oil prices rose due to positive supply and demand prospects.](https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects.md) | +4.0% | +5.0% |
| SOY | 2023-01-04 | [Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds](https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil.md) | +1.5% | +2.2% |
| SBO | 2026-08-28 | [Soybean oil prices rose due to positive supply and demand prospects.](https://feedsoft.ai/events/10972-soybean-oil-prices-rose-due-to-positive-supply-and-demand-prospects.md) | +6.9% | +0.6% |
| SBO | 2023-01-04 | [Commodities 2023: Soybean derivatives supply under pressure as Argentina, Brazil face headwinds](https://feedsoft.ai/events/8622-commodities-2023-soybean-derivatives-supply-under-pressure-as-argentina-brazil.md) | +1.2% | -3.7% |
| SBO | 2023-01-10 | [Soybean derivatives supply under pressure as Argentina, Brazil face headwinds - DatamarNews](https://feedsoft.ai/events/37864-soybean-derivatives-supply-under-pressure-as-argentina-brazil-face-headwinds.md) | -2.0% | -9.6% |

## Sources

- money.udn.com: https://money.udn.com/money/story/5612/9853356

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