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Soybean oil is gaining share over canola oil in US biofuel feedstock use, supported by expanding crushing capacity and more favorable tax incentives. Renewable diesel producers can claim about $0.55 per gallon in 45Z credits for soybean oil versus roughly $0.20-0.22 for canola oil.
New crush plants in Ohio and Wisconsin are expected to raise domestic soybean oil supply.
A 45Z tax advantage and a lower price than canola oil favor soybean oil in biofuel blending, supporting soybean oil demand and crush margins. Rising domestic supply could weigh on imported canola oil and add pressure on soybean meal prices.
ukragroconsult.comNov 4, 2026After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
