# Soybean Crush Remains Strong as US Energy Policy Goes Awry

> DTN reports that soybean crush margins reached their highest since last fall, with crushed soybean value exceeding bean cost by $1.99 a bushel as of June 22, 2024. Renewable diesel capacity nearly doubled since mid-2022, but soybean oil use for renewable diesel has fallen as tallow and yellow grease compete.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15207-soybean-crush-remains-strong-as-us-energy-policy-goes-awry
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crush margins encourage processors to run plants harder, which increases soybean meal supply and pressures meal prices while supporting soybean oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-05-27 | [Strong RVO’s, Strong Crush: Biofuel Policy Tightens Soybean Oil Balance Sheet](https://feedsoft.ai/events/15023-strong-rvo-s-strong-crush-biofuel-policy-tightens-soybean-oil-balance-sheet.md) | -1.7% | -6.5% |
| SOY | 2022-11-30 | [Surging US Biofuel Production Stokes Soybean Crush Demand](https://feedsoft.ai/events/15357-surging-us-biofuel-production-stokes-soybean-crush-demand.md) | -0.3% | +3.2% |
| SOY | 2024-11-13 | [Trump trade policy seen as wild card for US soybean farmers](https://feedsoft.ai/events/15167-trump-trade-policy-seen-as-wild-card-for-us-soybean-farmers.md) | -0.5% | -0.8% |
| SOY | 2025-07-02 | [Terrain \| Crush, Rain and RVOs: What’s Driving Soybean Prices?](https://feedsoft.ai/events/15109-terrain-crush-rain-and-rvos-what-s-driving-soybean-prices.md) | -1.2% | -5.6% |
| SOY | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | +4.4% | +4.6% |
| SBO | 2026-05-27 | [Strong RVO’s, Strong Crush: Biofuel Policy Tightens Soybean Oil Balance Sheet](https://feedsoft.ai/events/15023-strong-rvo-s-strong-crush-biofuel-policy-tightens-soybean-oil-balance-sheet.md) | +2.2% | -3.6% |
| SBO | 2022-11-30 | [Surging US Biofuel Production Stokes Soybean Crush Demand](https://feedsoft.ai/events/15357-surging-us-biofuel-production-stokes-soybean-crush-demand.md) | -9.9% | -11.4% |
| SBO | 2024-11-13 | [Trump trade policy seen as wild card for US soybean farmers](https://feedsoft.ai/events/15167-trump-trade-policy-seen-as-wild-card-for-us-soybean-farmers.md) | -3.4% | -8.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/06/24/soybean-crush-remains-strong-us-goes

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