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Clean Fuels Alliance America's economist Jonathan Martin said renewable diesel production and use has grown sharply since 2020, with 2024 a record year for renewable diesel and biodiesel at about 5.1 billion gallons consumed in the US. He projects the boom will level out this year unless EPA changes the renewable fuel volume obligations.
About 50% of US soybean oil currently goes into renewable fuels.
Biofuel demand for soybean oil is set largely by EPA's RVO levels, so a plateau without policy changes would cap soybean oil demand growth and limit upside for soybean oil and crush margins.
brownfieldagnews.comJared WhiteJan 21, 2025After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
