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The US Energy Information Administration reported that biofuel feedstock use totaled 30.7 billion pounds in August, down from 31.3 billion in July. Soybean oil use fell 17% to 1.4 billion pounds, mainly due to lower use at renewable diesel plants, while corn use rose 0.7% to 26.8 billion pounds.
Lower soybean oil demand from biofuel plants weakens a key outlet for soybean crushing margins, which tends to pressure soybean oil prices and shift crush value toward meal. Higher corn use for ethanol and biofuels is mildly supportive for corn demand.
feedandgrain.comFeed, Grain StaffNov 4, 2026After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
