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USDA forecasts soybean oil use in biofuel production will reach 17.8 billion pounds in the 2026/27 marketing year, more than 50 percent of domestic soybean oil consumption. The article points to record Renewable Volume Obligations for 2026 and 2027 as a major driver.
Biofuels becoming the largest use of soybean oil ties soybean oil prices more closely to renewable fuel policy. Strong demand also supports soybean crush margins and soybean demand.
iowaagconnection.comNov 4, 2026
ohioagconnection.comNov 4, 2026After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 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.
