# Growing renewable fuels market continues to shape U.S. soybean demand| | Nuveen Natural Capital | Nuveen

> Nuveen's farmland team published a paper arguing that transportation decarbonization policies are expanding renewable fuel markets, led by California. It cites US renewable diesel output rising from 533 million gallons in 2020 to a projected 3.2 billion in 2024. The paper links this growth to higher soybean oil use and the added demand for soybeans.

- Date: 2025-03-14 · published 2025-03-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15133-growing-renewable-fuels-market-continues-to-shape-u-s-soybean-demand-nuveen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growing renewable diesel feedstock demand supports soybean oil and soybean prices, and it tightens the market for crush and meal output.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | -0.4% | -5.6% |
| SBO | 2021-04-09 | [U.S. renewable fuels market could face feedstock deficit \| Reuters](https://feedsoft.ai/events/47456-u-s-renewable-fuels-market-could-face-feedstock-deficit-reuters.md) | +0.3% | +16.2% |
| SBO | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | -2.8% | +5.7% |
| SBO | 2022-11-10 | [CHS sees 'bullish' demand in soybean oil, citing renewable diesel](https://feedsoft.ai/events/38751-chs-sees-bullish-demand-in-soybean-oil-citing-renewable-diesel.md) | -1.8% | -13.0% |
| SBO | 2023-12-18 | [Demand to Surpass Supply in Renewable Diesel Market \| Red River Farm Network](https://feedsoft.ai/events/15253-demand-to-surpass-supply-in-renewable-diesel-market-red-river-farm-network.md) | -1.2% | -3.1% |
| SOY | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | +4.4% | +4.6% |
| SOY | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | +0.4% | +10.7% |
| SOY | 2016-11-27 | [EPA Renewable Fuel Standard rallies soybean oil prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73744-epa-renewable-fuel-standard-rallies-soybean-oil-prices-agweek-1-source-for.md) | -1.8% | -5.4% |

## Sources

- nuveen.com: https://www.nuveen.com/global/insights/alternatives/growing-renewable-fuels-market-continues-to-shape-us-soybean-demand

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