# Renewable diesel production surpasses biodiesel | Economic Research Service

> USDA's Economic Research Service reports that renewable diesel production reached 2.3 billion gallons in 2022/23, surpassing biodiesel for the first time. Total biomass-based diesel output hit an all-time high. The share of US soybean oil used for biofuel rose to 46% in 2022/23.

- Date: 2024-05-28 · published 2024-05-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15215-renewable-diesel-production-surpasses-biodiesel-economic-research-service
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Nearly half of US soybean oil now goes to biofuel, so demand for soybean oil is closely tied to biofuel output. This structural shift supports soybean oil prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-11-22 | [Biodiesel Producers Weathering the Renewable Diesel Surge](https://feedsoft.ai/events/15264-biodiesel-producers-weathering-the-renewable-diesel-surge.md) | -1.2% | -4.4% |
| SBO | 2022-03-24 | [EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/15408-eia-projects-u-s-renewable-diesel-supply-to-surpass-biodiesel-in-aeo2022-u-s.md) | -3.0% | +263.0% |
| SBO | 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) | -5.0% | -7.5% |
| SBO | 2023-11-03 | [Increased Renewable Diesel Production is Attracting Competition for Soybean Oil](https://feedsoft.ai/events/15258-increased-renewable-diesel-production-is-attracting-competition-for-soybean-oil.md) | +2.0% | +6.9% |
| SBO | 2022-10-03 | [Renewable diesel demand could pressure soybean exports \| The Western Producer](https://feedsoft.ai/events/15363-renewable-diesel-demand-could-pressure-soybean-exports-the-western-producer.md) | +3.7% | +9.2% |

## Sources

- ers.usda.gov: https://ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=109240

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