# The Farmer's Exchange Online Imports, Oversupply Threaten U.S. Biofuels Outlook

> Scott Berlin of the University of Illinois says US biofuel production capacity far exceeds demand under the RFS, leaving refiners with a surplus of nearly a billion gallons. Renewable diesel capacity has grown from 800 million to 5.1 billion gallons since 2021, and many planned plants have not broken ground.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15162-the-farmer-s-exchange-online-imports-oversupply-threaten-u-s-biofuels-outlook
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Oversupply of biofuel capacity limits feedstock demand for soybean oil and corn oil, which weighs on vegetable oil and feedstock prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-10-01 | [India sharply raises import tax on edible oils to support farmers](https://feedsoft.ai/events/28396-india-sharply-raises-import-tax-on-edible-oils-to-support-farmers.md) | +1.5% | +2.7% |
| SBO | 2024-11-16 | [U.S. biofuel policies expected to change under Trump](https://feedsoft.ai/events/15166-u-s-biofuel-policies-expected-to-change-under-trump.md) | -5.4% | -7.9% |
| SBO | 2019-03-15 | [Trump Looks to `Thread the Needle' With Farms, Oil on Biofuels - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/59977-trump-looks-to-thread-the-needle-with-farms-oil-on-biofuels-energy-news-top.md) | -1.0% | -1.4% |
| SBO | 2023-02-07 | [Biofuels and feedstocks: Market outlook 2023 - Fastmarkets](https://feedsoft.ai/events/37419-biofuels-and-feedstocks-market-outlook-2023-fastmarkets.md) | +1.6% | +1.8% |
| SBO | 2026-01-15 | [Top Biofuel Priorities That Will Impact Farmers](https://feedsoft.ai/events/15060-top-biofuel-priorities-that-will-impact-farmers.md) | +3.3% | +8.3% |

## Sources

- farmers-exchange.net: http://farmers-exchange.net/detailPage.aspx?articleID=24027

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