# Ethanol Capacity Expands in July, Renewable Diesel Capacity Contracts

> US Energy Information Administration data show ethanol capacity rose to 18.307 billion gallons per year in July, while renewable diesel capacity fell 299 million gallons from June. Biodiesel capacity held steady at 2.022 billion gallons. Feedstock consumption for ethanol rose sharply from June and July 2023, and biobased diesel feedstock use also increased.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15178-ethanol-capacity-expands-in-july-renewable-diesel-capacity-contracts
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher ethanol feedstock consumption supports corn demand, while the drop in renewable diesel capacity points to softer demand for vegetable oils used in renewable diesel.

## Read by commodity

- SBO: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-26 | [USDA: Corn Use for Fuel Ethanol Production Up in July](https://feedsoft.ai/events/34207-usda-corn-use-for-fuel-ethanol-production-up-in-july.md) | +1.7% | +3.3% |
| CORN | 2024-10-15 | [CoBank Predicts Ethanol Industry Earnings Will Remain Stable](https://feedsoft.ai/events/27838-cobank-predicts-ethanol-industry-earnings-will-remain-stable.md) | -0.1% | +2.6% |
| CORN | 2017-10-18 | [Report Finds Opportunities for Ethanol and DDG Exports \| Energy.AgWired.com](https://feedsoft.ai/events/68449-report-finds-opportunities-for-ethanol-and-ddg-exports-energy-agwired-com.md) | +0.4% | -5.9% |
| CORN | 2022-03-01 | [EIA Data Confirm Record Ethanol Blend Rate in 2021](https://feedsoft.ai/events/42265-eia-data-confirm-record-ethanol-blend-rate-in-2021.md) | +4.7% | +12.1% |
| CORN | 2026-02-24 | [US Ethanol Exports Hit Record High in 2025 \| CZ app](https://feedsoft.ai/events/20570-us-ethanol-exports-hit-record-high-in-2025-cz-app.md) | +1.5% | +7.0% |
| SBO | 2024-09-30 | [US renewable diesel production capacity posts largest monthly decline on record \| Reuters](https://feedsoft.ai/events/15182-us-renewable-diesel-production-capacity-posts-largest-monthly-decline-on-record.md) | +0.5% | +2.2% |
| SBO | 2024-03-21 | [Rapid expansion of soybean crush capacity risks exceeding growth of renewable diesel \| CoBank \| Cooperative. Connected. Committed.](https://feedsoft.ai/events/15231-rapid-expansion-of-soybean-crush-capacity-risks-exceeding-growth-of-renewable.md) | -0.5% | -6.4% |
| SBO | 2022-01-22 | [news: Expansion of US renewable diesel output limited by feedstock constrains](https://feedsoft.ai/events/15429-news-expansion-of-us-renewable-diesel-output-limited-by-feedstock-constrains.md) | +0.9% | +3.8% |

## Sources

- mnbiofuels.org: https://www.mnbiofuels.org/ethanol-capacity-expands-in-july-renewable-diesel-capacity-contracts

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