# Increasing biodiesel production impacting soybean markets – AgriNews

> Scott Irwin said U.S. renewable diesel production was under 1 billion gallons a year through 2020 and that about two dozen plants are now being built. He cited planned capacity rising toward 7.4 billion gallons after 2025, including a 680 million gallon California refinery due in 2024.

- Date: 2024-01-11 · published 2024-01-11T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15243-increasing-biodiesel-production-impacting-soybean-markets-agrinews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large increase in renewable diesel capacity would draw substantially more soybean oil and other feedstocks, supporting soybean and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-01-26 | [U.S. Producing Record Gallons of Biodiesel, But Imports Also Increasing - American Soybean Association](https://feedsoft.ai/events/72877-u-s-producing-record-gallons-of-biodiesel-but-imports-also-increasing-american.md) | -1.6% | -7.3% |
| SBO | 2024-03-25 | [Indonesia sets biodiesel production volumes for B50 \| Latest Market News](https://feedsoft.ai/events/15657-indonesia-sets-biodiesel-production-volumes-for-b50-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2026-10-16 | [Soybean Oil’s Relevance in Biodiesel Trade when Diesel and Policy are Increasingly Tight — 605 Markets](https://feedsoft.ai/events/509-soybean-oil-s-relevance-in-biodiesel-trade-when-diesel-and-policy-are.md) | +2.3% | — |
| SBO | 2017-12-01 | [EIA: US biodiesel production still increasing despite expiration of tax credit](https://feedsoft.ai/events/67361-eia-us-biodiesel-production-still-increasing-despite-expiration-of-tax-credit.md) | -1.5% | -2.0% |
| SBO | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.6% | -0.7% |
| SOY | 2019-01-29 | [Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association](https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association.md) | -0.5% | -2.1% |
| SOY | 2017-09-01 | [ASA Asks EPA to Increase Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68822-asa-asks-epa-to-increase-biodiesel-rfs-volumes-american-soybean-association.md) | +2.2% | +3.4% |
| SOY | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | +0.5% | — |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2024/01/11/increasing-biodiesel-production-impacting-soybean-markets/

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