# 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

> NOPA released a press statement on the S&P Global study showing domestic feedstocks can support an additional 1.4 billion gallons of biomass-based diesel by 2030. Combined with imports, total supported production reaches 6.7 billion gallons. The industry has invested $6 billion to expand crush capacity nearly 30%.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15198-new-study-shows-u-s-oilseed-feedstock-production-exceeds-existing-federal
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded crush capacity and feedstock availability increase soybean oil and meal output, which is bearish for oil prices absent stronger mandates. The findings favor continued processing growth and meal supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-01 | [October biodiesel production fell slightly to 146 million gallons  : The Daily Digest](https://feedsoft.ai/events/67049-october-biodiesel-production-fell-slightly-to-146-million-gallons-the-daily.md) | +1.1% | -0.0% |
| SBO | 2023-12-11 | [USDA experts raised forecasts for global production of edible oils and meals](https://feedsoft.ai/events/32819-usda-experts-raised-forecasts-for-global-production-of-edible-oils-and-meals.md) | -0.8% | -4.6% |
| SBO | 2024-05-17 | [FNB News - Ukraine to remain world's largest exporter of sunflower oil though decline in processing \| FNB News](https://feedsoft.ai/events/30379-fnb-news-ukraine-to-remain-world-s-largest-exporter-of-sunflower-oil-though.md) | +1.6% | +2.7% |
| SBO | 2026-05-27 | [USDA estimates 2026 sunflower production at 2.38 billion pounds](https://feedsoft.ai/events/19372-usda-estimates-2026-sunflower-production-at-2-38-billion-pounds.md) | +1.7% | -4.6% |
| SBM | 2024-04-09 | [FAPRI Report Outlines Expected Growth in Renewable Diesel, SAF Production - World-Energy](https://feedsoft.ai/events/15223-fapri-report-outlines-expected-growth-in-renewable-diesel-saf-production-world.md) | +1.3% | +12.5% |
| SBM | 2017-06-29 | [U.S. Egg Production and Exports: Recent Historical Data and Outlook](https://feedsoft.ai/events/70493-u-s-egg-production-and-exports-recent-historical-data-and-outlook.md) | +8.6% | +9.4% |
| SBM | 2019-02-08 | [Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported](https://feedsoft.ai/events/60450-soybean-production-up-in-2018-usda-reports-winter-wheat-seedings-and-grain.md) | 0.0% | -2.1% |

## Sources

- nopa.org: https://www.nopa.org/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/

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