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Biodiesel production accounts for an increasing share of soybean oil use in the United States, currently representing about 30% of domestic soybean oil disposition.
According to the Hellenic Shipping News, soybean oil is the most commonly used vegetable oil for biodiesel production, and inputs reached 7.1 billion pounds during the latest soybean oil marketing year (MY), which ran from October 1, 2017, to September 30, 2018.
Growth in biodiesel production has coincided with federal biofuel mandates and other conditions that encouraged a larger share of the domestic soybean oil supply to be consumed as biofuel feedstock.
