# WASDE, EPA biofuel news drive soybean market - McKeany-Flavell

> Soybean futures were nearly flat over the week ending December 10, 2021, with January 2022 futures at $12.6775 per bushel. Soybean oil fell 7.2% while soymeal rose $14.20 to $366.80 per short ton. The EPA proposed retroactive cuts to 2020-2021 biofuel mandates and set 2022 biomass-based diesel at 2.76 billion gallons.

- Date: 2021-12-13 · published 2021-12-13T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/9258-wasde-epa-biofuel-news-drive-soybean-market-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A higher 2022 biofuel mandate supports soybean oil demand and vegetable oil usage, though the retroactive cut for prior years adds uncertainty and pressured oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-08-04 | [Record soybean oil use for biodiesel in May - McKeany-Flavell](https://feedsoft.ai/events/51685-record-soybean-oil-use-for-biodiesel-in-may-mckeany-flavell.md) | -1.5% | +4.1% |
| SBO | 2022-06-20 | [Soy complex contends with divergent market scenarios - McKeany-Flavell](https://feedsoft.ai/events/41023-soy-complex-contends-with-divergent-market-scenarios-mckeany-flavell.md) | -6.7% | -18.7% |
| SBO | 2022-05-23 | [Crude oil, Indonesian trade policy gyrations drive soybean oil prices - McKeany-Flavell](https://feedsoft.ai/events/41479-crude-oil-indonesian-trade-policy-gyrations-drive-soybean-oil-prices-mckeany.md) | -1.6% | -9.5% |
| SBO | 2019-03-06 | [768 million pounds of soybean oil went to biodiesel in December - McKeany-Flavell](https://feedsoft.ai/events/60179-768-million-pounds-of-soybean-oil-went-to-biodiesel-in-december-mckeany-flavell.md) | +0.2% | -2.6% |
| SBO | 2025-04-22 | [US soybean oil market set to soar \| Food Business News](https://feedsoft.ai/events/25205-us-soybean-oil-market-set-to-soar-food-business-news.md) | +2.6% | +0.9% |
| SOY | 2026-10-14 | [Has Biofuel Demand Replaced Export Demand in U.S. Soybean Markets? - American Soybean Association](https://feedsoft.ai/events/506-has-biofuel-demand-replaced-export-demand-in-u-s-soybean-markets-american.md) | -2.3% | — |
| SOY | 2017-03-08 | [Corn, Wheat, Soybeans seek more $$ for market programs - Brownfield Ag News](https://feedsoft.ai/events/71992-corn-wheat-soybeans-seek-more-for-market-programs-brownfield-ag-news.md) | -2.7% | -7.6% |
| SOY | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | -0.5% | -4.1% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/wasde-epa-biofuel-news-drive-soybean-market-12-13-21/

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