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The US has 56 active biodiesel plants with 2.09 billion gallons of annual capacity and 22 renewable diesel plants with 4.33 billion gallons of capacity, as of January 2024. Biodiesel production has drifted lower since 2018 while renewable diesel output has grown substantially.
Growing renewable diesel capacity increases demand for vegetable oils and supports soybean crush expansion, which is supportive for soybean oil prices and meal supply.
decision-innovation.comDave MillerSep 30, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
