# Biodiesel Producers Weathering the Renewable Diesel Surge

> An analysis by Scott Irwin finds US biodiesel producers averaged a profit of about $0.60 per gallon in 2022 and 2023 to date, the best period since 2007. Earlier estimates overstated losses because they relied on inaccurate AMS biodiesel price data.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15264-biodiesel-producers-weathering-the-renewable-diesel-surge
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger biodiesel margins support continued soybean oil demand from the biofuel sector. Healthier plant profitability lowers the risk of capacity shutdowns that would reduce oil usage.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-05-28 | [Renewable diesel production surpasses biodiesel \| Economic Research Service](https://feedsoft.ai/events/15215-renewable-diesel-production-surpasses-biodiesel-economic-research-service.md) | -0.6% | +0.1% |
| SBO | 2022-10-03 | [Renewable diesel demand could pressure soybean exports \| The Western Producer](https://feedsoft.ai/events/15363-renewable-diesel-demand-could-pressure-soybean-exports-the-western-producer.md) | +3.7% | +9.2% |
| SBO | 2022-11-16 | [Renewable diesel projected to turbo charge U.S. biofuel growth – AgriNews](https://feedsoft.ai/events/15355-renewable-diesel-projected-to-turbo-charge-u-s-biofuel-growth-agrinews.md) | -4.9% | -13.8% |
| SBO | 2022-10-04 | [Report: Renewable Diesel Will Turbocharge U.S. Biofuel Growth \| Feed & Grain](https://feedsoft.ai/events/15362-report-renewable-diesel-will-turbocharge-u-s-biofuel-growth-feed-and-grain.md) | +3.3% | +8.3% |
| SBO | 2023-03-09 | [EIA: Renewable Diesel Growth at Expense of Biodiesel \| O&E Online](https://feedsoft.ai/events/15326-eia-renewable-diesel-growth-at-expense-of-biodiesel-o-and-e-online.md) | -5.4% | -5.1% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/biodiesel-production-remains-profitable-amid-renewable-diesel-expansion

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