US renewable diesel production capacity posts largest monthly decline on record

After 146 past bearish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.

• Oct 1, 2024Ethanol Capacity Expands in July, Renewable Diesel Capacity Contracts+1.5%
• Dec 13, 2021USDA sees little renewable diesel benefit for soybean oil | The Western Producer+0.9%
• Jan 21, 2018Vegetable oil prices decline to 5-month low : The Daily Digest+1.6%
• Jan 22, 2022news: Expansion of US renewable diesel output limited by feedstock constrains+0.9%
• Mar 21, 2024Rapid expansion of soybean crush capacity risks exceeding growth of renewable diesel | CoBank | Cooperative. Connected. Committed.-0.5%

Not enough comparable past events yet for a historical read.

After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Nov 18, 2024China’s pork production declines amid weak demand and herd reduction-0.1%
• Nov 17, 2016Third quarter broiler, turkey production declined+3.0%
• Oct 12, 2023USDA sorghum production guess down on month - Brownfield Ag News-0.4%
• Feb 22, 2019Another Record Year for Meat Production Forecast for 2019-1.3%
• Feb 19, 2018USDA releases 10-year forecasts for ethanol, biodiesel production - Governors' Biofuels Coalition-0.1%