# US Soybean Oil Use in Biofuel Drops 17% in August 2026 Amid Rising Canola Oil Consumption

> US biofuel producers cut soybean oil use by 17% month-on-month in August 2026 to 1.40 billion pounds, mainly from a 28.2% drop among renewable diesel producers. Canola oil use rose 15.5%, while tallow and corn oil use also fell and waste oil imports rose 62% year-on-year.

- Date: 2026-11-03 · published 2026-11-04T00:54:23.812Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78894-us-soybean-oil-use-in-biofuel-drops-17-in-august-2026-amid-rising-canola-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower soybean oil demand from biofuel producers and rising inventories push soybean oil prices down, while canola oil gains share. Analysts expect a gradual recovery in late 2026 and early 2027 but the timing is uncertain.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: neutral

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLVVS3DNLtuVHiGCJ5SDYZyq

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