# Delayed RD demand could be bullish for soybean oil market - The Jacobsen

> US renewable diesel output rebounded in April 2024 to a new all-time high after Phillips 66's Rodeo conversion began producing. Market sources expect output to keep rising in the second half of the year. Domestic renewable diesel demand for soybean oil could climb toward 555 million pounds per month from 367 million in February.

- Date: 2024-05-21 · published 2024-05-21T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/15218-delayed-rd-demand-could-be-bullish-for-soybean-oil-market-the-jacobsen
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Projected growth in renewable diesel demand for soybean oil points to tighter supplies and firmer prices in the second half of the year.

## Read by commodity

- SBO: bullish ▲

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/05/21/delayed-rd-demand-could-be-bullish-for-soybean-oil-market/

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