# Renewable Diesel Boom & Where Biofuels Are Headed - Center for Commercial Agriculture

> Dr. Scott Irwin discussed the renewable diesel boom and its expected effect on the soybean market on a Purdue AgCast episode. The conversation also covered the sustainable aviation fuel market and its potential impact on U.S. agriculture.

- Date: 2024-01-24 · published 2024-01-24T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15242-renewable-diesel-boom-and-where-biofuels-are-headed-center-for-commercial
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewable diesel demand for soybean oil supports crush margins and soybean oil prices, but Irwin argues that growth depends on government policy rather than consumer demand, which limits how far the boom can push prices.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -1.2% | -5.0% |
| SBO | 2026-09-11 | [Biodiesel Producers Prepare for Higher US Renewable Fuel Requirements](https://feedsoft.ai/events/14995-biodiesel-producers-prepare-for-higher-us-renewable-fuel-requirements.md) | +0.2% | -2.0% |
| SBO | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | -1.4% | -5.2% |
| SBO | 2026-01-04 | [2025 Positions Biodiesel, Renewable Diesel for Success in 2026 - Clean Fuels Alliance America](https://feedsoft.ai/events/15058-2025-positions-biodiesel-renewable-diesel-for-success-in-2026-clean-fuels.md) | +0.1% | +6.8% |
| SBO | 2016-12-05 | [Higher renewable fuels standard supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73343-higher-renewable-fuels-standard-supports-oils-agweek-1-source-for-agriculture.md) | -2.1% | -7.8% |
| SOY | 2025-01-21 | [Renewable diesel boom leveling out - Brownfield Ag News](https://feedsoft.ai/events/15149-renewable-diesel-boom-leveling-out-brownfield-ag-news.md) | +1.1% | +0.4% |
| SOY | 2025-01-27 | [Agriculture will face renewed challenges in Argentina](https://feedsoft.ai/events/13884-agriculture-will-face-renewed-challenges-in-argentina.md) | -1.3% | -2.5% |
| SOY | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | -1.2% | +0.5% |

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/resource/2024/01/renewable-diesel-boom-where-biofuels-are-headed/

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