◂ Event Timeline

Dec 13, 2023POLICYUS

Something’s Gotta Give – Five Ways the Market Could React to Surging Renewable Diesel Output, RIN Generation – Prometheus Institute

RBN Energy analysis says renewable diesel production has surged in 2023, well above EPA blending mandates. The surge has produced excess Renewable Identification Numbers and eroded renewable diesel margins.

Production is expected to rise further in 2024, and the analysis outlines five possible market adjustments.

WHY IT MATTERS

Shrinking renewable diesel margins and RIN oversupply could reduce plant run rates and soybean oil feedstock demand. Lower RIN prices would also weaken the economics of biofuel feedstock purchases.

AFFECTSSoybean Oil◆

SOURCE
prometheus.orgPI News FeedDec 13, 2023

Price reaction & history

Soybean Oil◆neutralSO FAR1d -0.5%5d +0.3%20d -3.8%

After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.

May 13, 2022Southeast region cuts palm oil export tax. How will it impact the biodiesel market?-5.0%
Oct 19, 2023US oil refiners crank out diesel, further squeezing margins for gasoline-5.0%
Dec 28, 2023Renewable diesel plans unrealistic: analyst | The Western Producer-0.8%
May 26, 2025Soybeans: how the possible increase in export taxes impacts the market and the situation that could "force" it – Universidad Austral-2.4%
Jan 30, 2024Renewable biodiesel and soybean prices: What to expect+0.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybean Oil SBO · GP ▸

——— · ·

Loading…