# Feedstock Study - NOPA

> A NOPA-commissioned S&P Global study finds U.S. oilseed production already exceeds EPA Renewable Fuel Standard volume obligations. In 2023, domestic and imported feedstocks supported 4.3 billion gallons of biomass-based diesel, above the 2023-2025 RVO targets. Feedstocks could support 6.7 billion gallons by 2030 with planned crush expansion and imports.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15196-feedstock-study-nopa
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample feedstock supply supports soybean oil and crush output, which weighs on oil prices unless biofuel mandates rise faster. Industry argues it can meet higher future RVOs, which tempers the upside case for soybean oil.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-07-09 | [New Study Shows U.S. Oilseed Feedstock Production Exceeds Existing Federal Renewable Fuel Requirements; Domestic Feedstocks to Support Additional 1.4 Billion Gallons of U.S. Biofuel Production by 2030 - NOPA](https://feedsoft.ai/events/15198-new-study-shows-u-s-oilseed-feedstock-production-exceeds-existing-federal.md) | -3.4% | -8.4% |
| 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% |
| SBO | 2018-02-07 | [Oil prices tank as US crude and fuel stockpiles jump](https://feedsoft.ai/events/11357-oil-prices-tank-as-us-crude-and-fuel-stockpiles-jump.md) | -4.8% | -3.7% |
| SBO | 2026-03-24 | [Soybean and Sunflower Crush Rise, Stocks Hold Steady - RFD-TV](https://feedsoft.ai/events/20254-soybean-and-sunflower-crush-rise-stocks-hold-steady-rfd-tv.md) | +3.6% | +6.1% |
| SBO | 2018-07-12 | [Corn, wheat supported by ending stocks - Brownfield Ag News](https://feedsoft.ai/events/64000-corn-wheat-supported-by-ending-stocks-brownfield-ag-news.md) | -0.9% | +0.4% |
| SBM | 2025-04-16 | [Livestock Feed Markets Stable as World Markets Swirl \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25250-livestock-feed-markets-stable-as-world-markets-swirl-industry-news.md) | -1.0% | -3.3% |
| SBM | 2023-07-17 | [NOPA Soybean Crush Summary - June 2023](https://feedsoft.ai/events/35115-nopa-soybean-crush-summary-june-2023.md) | +3.6% | +2.7% |
| SBM | 2023-09-15 | [NOPA Soybean Crush Summary - August 23](https://feedsoft.ai/events/34183-nopa-soybean-crush-summary-august-23.md) | -2.7% | -4.0% |

## Sources

- nopa.org: https://www.nopa.org/resources/feedstock-study/

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