# Renewable diesel industry runs into headwinds | The Western Producer

> 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.

- Date: 2025-02-19 · published 2025-02-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/15145-renewable-diesel-industry-runs-into-headwinds-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-08-30 | [Strong euro supports biodiesel prices despite falling veg oils  : The Daily Digest](https://feedsoft.ai/events/69542-strong-euro-supports-biodiesel-prices-despite-falling-veg-oils-the-daily-digest.md) | +2.7% | -3.7% |
| SBO | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -1.6% | +1.3% |
| SBO | 2024-07-01 | [Indian Rupee Hits Record Low as Broad Dollar Strength Weighs](https://feedsoft.ai/events/30073-indian-rupee-hits-record-low-as-broad-dollar-strength-weighs.md) | +10.1% | +2.7% |
| SBO | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | -1.0% | -5.5% |
| SBO | 2022-06-30 | [ICE weekly outlook: The larger picture behind drop in canola  - AgCanada](https://feedsoft.ai/events/41043-ice-weekly-outlook-the-larger-picture-behind-drop-in-canola-agcanada.md) | -11.1% | -14.1% |
| WTI | 2021-11-23 | [Indian bonds, rupee weaken on Jerome Powell’s new term at U.S. Federal Reserve - The Hindu](https://feedsoft.ai/events/44317-indian-bonds-rupee-weaken-on-jerome-powell-s-new-term-at-u-s-federal-reserve.md) | -13.8% | -7.3% |
| WTI | 2023-02-16 | [Currencies: Colombian Peso Ends the Week Devalued Amid Expectations of New Reforms - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/37629-currencies-colombian-peso-ends-the-week-devalued-amid-expectations-of-new.md) | -4.2% | -13.2% |
| WTI | 2020-02-28 | [Palm oil heads for worst week in 11 years on demand destruction \| The Star](https://feedsoft.ai/events/5815-palm-oil-heads-for-worst-week-in-11-years-on-demand-destruction-the-star.md) | -2.6% | -61.0% |

## Sources

- producer.com: https://www.producer.com/news/renewable-diesel-industry-runs-into-headwinds/

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