# U.S. Renewable Diesel Production Growth Drastically Impacts Global Feedstock Trade | USDA Foreign Agricultural Service

> A USDA Foreign Agricultural Service report says U.S. renewable diesel capacity growth has reshaped domestic crushing and global feedstock trade. The United States has rapidly expanded imports of animal fats and vegetable oils, and U.S. soybean oil premiums rose above global prices, cutting exports. The U.S. became a net soybean oil importer as a result.

- Date: 2024-06-11 · published 2024-06-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/15204-u-s-renewable-diesel-production-growth-drastically-impacts-global-feedstock
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger renewable diesel demand pulls soybean oil and imported feedstocks into the U.S., supporting vegetable oil prices and keeping crush margins strong, which lifts meal output.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-05-03 | [Renewable Diesel Policy to Hit Soy Trade Flows \| CZ app](https://feedsoft.ai/events/15396-renewable-diesel-policy-to-hit-soy-trade-flows-cz-app.md) | +3.0% | -3.8% |
| SBO | 2025-09-04 | [U.S. biodiesel and renewable diesel imports fall sharply in 2025 after tax credit change -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/15090-u-s-biodiesel-and-renewable-diesel-imports-fall-sharply-in-2025-after-tax.md) | -2.2% | -4.3% |
| SBO | 2021-02-08 | [Indonesia: Government restricts the export of palm oil-based biodiesel products - Global Trade Alert](https://feedsoft.ai/events/48505-indonesia-government-restricts-the-export-of-palm-oil-based-biodiesel-products.md) | +2.1% | +11.7% |
| SBO | 2021-07-12 | [Renewable diesel opens new markets for soy oil](https://feedsoft.ai/events/45935-renewable-diesel-opens-new-markets-for-soy-oil.md) | +4.9% | +3.3% |
| SBO | 2018-10-08 | [Chinese demand for Brazilian soy leaves biodiesel producers without feedstock  : The Daily Digest](https://feedsoft.ai/events/62413-chinese-demand-for-brazilian-soy-leaves-biodiesel-producers-without-feedstock.md) | -0.1% | -3.0% |
| PALMOIL | 2024-06-26 | [Renewable diesel boom creates surge in feedstock imports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15210-renewable-diesel-boom-creates-surge-in-feedstock-imports-agri-pulse.md) | +3.8% | +1.7% |
| PALMOIL | 2022-05-03 | [Renewable Diesel Policy to Hit Soy Trade Flows \| CZ app](https://feedsoft.ai/events/15396-renewable-diesel-policy-to-hit-soy-trade-flows-cz-app.md) | -9.5% | -9.0% |
| PALMOIL | 2021-02-08 | [Indonesia: Government restricts the export of palm oil-based biodiesel products - Global Trade Alert](https://feedsoft.ai/events/48505-indonesia-government-restricts-the-export-of-palm-oil-based-biodiesel-products.md) | +4.0% | +14.2% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/us-renewable-diesel-production-growth-drastically-impacts-global-feedstock-trade

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