# Rapid expansion of soybean crush capacity risks exceeding growth of renewable diesel | CoBank | Cooperative. Connected. Committed.

> CoBank analysts expect US soybean crush capacity to expand 23% over three years to meet renewable diesel demand. They forecast growing imports of vegetable oils, tallow and used cooking oil, plus a rising soybean meal surplus. They also expect record crush margins to fade to low or moderate levels in the near term.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15231-rapid-expansion-of-soybean-crush-capacity-risks-exceeding-growth-of-renewable
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding crush capacity and rising oil imports cap soybean oil prices and push meal supplies higher, which weighs on meal values and limits crush margins.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-07-19 | [Soy Oil Fueling Crush Expansion: A Ten-Year Outlook - Rabobank](https://feedsoft.ai/events/15378-soy-oil-fueling-crush-expansion-a-ten-year-outlook-rabobank.md) | +3.2% | +4.4% |
| SBM | 2022-11-10 | [Economist's Angle: Soybean Processing Growth Is Crushing It - American Soybean Association](https://feedsoft.ai/events/15359-economist-s-angle-soybean-processing-growth-is-crushing-it-american-soybean.md) | -2.3% | +10.0% |
| SBM | 2025-06-10 | [Biofuel demand powers soybean crush growth - Missouri Soybeans](https://feedsoft.ai/events/15116-biofuel-demand-powers-soybean-crush-growth-missouri-soybeans.md) | -3.8% | -9.3% |
| SBM | 2020-05-26 | [Soybean prices expected to fall despite growing demand \| Feed Strategy](https://feedsoft.ai/events/53461-soybean-prices-expected-to-fall-despite-growing-demand-feed-strategy.md) | -0.4% | +0.8% |
| 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 | 2024-10-01 | [Ethanol Capacity Expands in July, Renewable Diesel Capacity Contracts](https://feedsoft.ai/events/15178-ethanol-capacity-expands-in-july-renewable-diesel-capacity-contracts.md) | +1.5% | +2.7% |
| SBO | 2019-07-25 | [Palm and soybean oil lose a lot of ground - Renewable Carbon News](https://feedsoft.ai/events/58176-palm-and-soybean-oil-lose-a-lot-of-ground-renewable-carbon-news.md) | -1.9% | +1.6% |

## Sources

- cobank.com: https://www.cobank.com/knowledge-exchange/rapid-expansion-of-soybean-crush-capacity-risks-exceeding-growth-of-renewable-diesel
- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/rapid-expansion-of-u-s-soybean-processing-capacity-risks-overbuild
- world-grain.com: https://www.world-grain.com/articles/19781-cobank-soy-crush-expansion-could-lead-to-overbuild

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