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Renewable diesel and sustainable aviation fuel growth has slowed, though companies still have billions of gallons of planned capacity. The U.S. EIA forecasts West Texas Intermediate falling to about $60 per barrel by 2026.
Lower crude prices would make biofuels less competitive against petroleum diesel.
Weaker crude prices reduce the economic incentive for renewable diesel, which can cut soybean oil and feedstock demand. Lower energy prices also weigh on the price of biofuel feedstocks.
producer.comSean PrattFeb 19, 2025After 40 past bearish macro events, Soybean Oil moved a median -0.8% over 5 sessions (45% higher; middle half -4.5% to +1.7%), and -1.5% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
