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US biofuel producers used a record 1.687 billion pounds of soybean oil in July 2026, about 52% more than a year earlier, with biodiesel and renewable diesel plants both setting usage records. Consumption eased in August, while September soybean oil stocks fell 12.3% month over month to 1.05 billion pounds, their lowest level since 2014; soybean crush also declined to a 13-month low.
Biofuel mandates and tax-credit incentives are diverting more soybean oil into domestic fuel production, tightening stocks and competing with export demand. That supports soybean oil prices and can strengthen crush incentives, though the reported lower crush may constrain meal and oil output.
global-agriculture.comGlobaladminNov 10, 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.
After 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 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), 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.
