USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production
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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, re
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- DBA Invesco DB Agriculture Fund-6.1% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “soybean” (grains and farm goods) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+3.1% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+4.0% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- ADM Archer-Daniels-Midland-15.0% 30d
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “soybean” (grains and farm goods) in this story.
- DE Deere+0.6% 30d
Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “soybean” (grains and farm goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +2.78% | +4.95% | base | after close | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | after close | after close | after close | after close |
| DBA | +0.65% | -0.59% | base | after close | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | after close | after close | after close | after close |
| CVX | +2.73% | +0.67% | base | after close | after close | after close | after close |
| COP | +0.96% | +0.52% | base | after close | after close | after close | after close |
| ADM | +2.25% | +1.04% | base | after close | after close | after close | after close |
| DE | -1.67% | -2.10% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production Biomass Magazine
Source: Biomass Magazine
How far United States Oil Fund (USO) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Archer-Daniels-Midland (ADM) | three days earlier | +1.04% | final price |
| Archer-Daniels-Midland (ADM) | five days earlier | +2.25% | final price |
| Conocophillips (COP) | three days earlier | +0.52% | final price |
| Conocophillips (COP) | five days earlier | +0.96% | final price |
| Chevron (CVX) | three days earlier | +0.67% | final price |
| Chevron (CVX) | five days earlier | +2.73% | final price |
| Invesco Db Agriculture Fund (DBA) | three days earlier | -0.59% | final price |
| Invesco Db Agriculture Fund (DBA) | five days earlier | +0.65% | final price |
| Deere (DE) | three days earlier | -2.10% | final price |
| Deere (DE) | five days earlier | -1.67% | final price |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 49 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 70 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 77 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 79 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 82 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
United States Oil Fund (USO) on one side of this energy story
Companies tied to this story
- USO United States Oil Fund
In “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- DBA Invesco Db Agriculture Fund
In “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “soybean” (grains and farm goods) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
In “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- ADM Archer-Daniels-Midland
For “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production,” Archer-Daniels-Midland (ADM) is linked, with no stored direction, medium confidence. Reason on file: Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “soybean” (grains and farm goods) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production.” Reason on file: Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “soybean” (grains and farm goods) in this story
United States Oil Fund (USO) and the energy link
On 11 Nov 2026, “USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production” is the story that connects United States Oil Fund (USO) to Energy.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates in the story, and the United States Oil Fund (USO) price range
DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How solid the energy case looks
46 out of 100
“USDA: November WASDE increases estimate for 2025-’26 soybean oil use in biofuel production” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.