# Why is the world suddenly clamoring for US soybean oil? | Food Business News

> USDA's January 10 WASDE raised 2024-25 US soybean oil exports to 1,600 million lbs, up 46% from December, and cut biofuel use to 13,600 million lbs. Production was raised to 28,680 million lbs, imports to 550 million lbs, and carryover to 1,531 million lbs.

- Date: 2025-01-15 · published 2025-01-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8104-why-is-the-world-suddenly-clamoring-for-us-soybean-oil-food-business-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher exports drawn from a lower biofuel allocation signal demand shifting to foreign buyers, which tightens US oil balances and supports prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-03-09 | [China, Brazil, EPA factor in soybean price direction \| Food Business News](https://feedsoft.ai/events/15328-china-brazil-epa-factor-in-soybean-price-direction-food-business-news.md) | -5.4% | -5.1% |
| SBO | 2023-03-09 | [Soybean oil market waiting on EPA \| Baking Business](https://feedsoft.ai/events/15323-soybean-oil-market-waiting-on-epa-baking-business.md) | -5.4% | -5.1% |
| SBO | 2023-09-13 | [USDA  Maintains 2023-'24 Forecast for Soybean Oil Use in Biofuel - World-Energy](https://feedsoft.ai/events/15275-usda-maintains-2023-24-forecast-for-soybean-oil-use-in-biofuel-world-energy.md) | +0.3% | -9.3% |
| SBO | 2018-12-23 | [NOPA: US Soybean Oil Stocks Fell For 7 Consecutive Months At The End Of November - News - Jiaao Enprotech](https://feedsoft.ai/events/61638-nopa-us-soybean-oil-stocks-fell-for-7-consecutive-months-at-the-end-of-november.md) | -1.2% | +5.3% |
| SBO | 2018-04-02 | [MIDF: Lower US soybean supply a positive for CPO \| The Star](https://feedsoft.ai/events/65611-midf-lower-us-soybean-supply-a-positive-for-cpo-the-star.md) | -1.1% | -4.5% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/27514-why-is-the-world-suddenly-clamoring-for-us-soybean-oil

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