# US renewable diesel production capacity posts largest monthly decline on record | Reuters

> EIA data showed US demand for vegetable oil feedstocks for renewable diesel, including canola, corn and soybean oil, fell more than 5.6% from June to 1.168 billion pounds in July. The text describes a record monthly decline in renewable diesel production capacity.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15182-us-renewable-diesel-production-capacity-posts-largest-monthly-decline-on-record
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower renewable diesel feedstock demand reduces the pull on soybean oil and other vegetable oils, which is bearish for oil prices and supports meal relative to oil.

## Read by commodity

- SBO: bearish ▼
- CORN: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-10-01 | [Ethanol Capacity Expands in July, Renewable Diesel Capacity Contracts](https://feedsoft.ai/events/15178-ethanol-capacity-expands-in-july-renewable-diesel-capacity-contracts.md) | +1.5% | +2.7% |
| SBO | 2021-12-13 | [USDA sees little renewable diesel benefit for soybean oil \| The Western Producer](https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer.md) | +0.9% | +5.0% |
| SBO | 2018-01-21 | [Vegetable oil prices decline to 5-month low  : The Daily Digest](https://feedsoft.ai/events/67047-vegetable-oil-prices-decline-to-5-month-low-the-daily-digest.md) | +1.6% | -2.3% |
| 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% |
| 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% |
| CORN | 2024-11-18 | [China’s pork production declines amid weak demand and herd reduction](https://feedsoft.ai/events/27393-china-s-pork-production-declines-amid-weak-demand-and-herd-reduction.md) | -0.1% | +2.7% |
| CORN | 2016-11-17 | [Third quarter broiler, turkey production declined](https://feedsoft.ai/events/73994-third-quarter-broiler-turkey-production-declined.md) | +3.0% | +4.6% |
| CORN | 2023-10-12 | [USDA sorghum production guess down on month - Brownfield Ag News](https://feedsoft.ai/events/33682-usda-sorghum-production-guess-down-on-month-brownfield-ag-news.md) | -0.4% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-renewable-diesel-production-capacity-posts-largest-monthly-decline-record-2024-09-30/

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