# Rabobank: Renewable diesel supply glut weighs on soybean prices | Feed & Grain

> RaboResearch said renewable diesel production has grown ahead of demand, with nameplate capacity expanding 115% between 2022 and 2024. EPA finalized 2023 RVO mandates in June well below capacity, which led to front-loaded BBD compliance and a crash in advanced BBD prices from September.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15266-rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Oversupply of biomass-based diesel reduces demand for soybean oil and weakens soybean crush margins, pressuring soybean prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-03-23 | [Renewable Diesel Policy Uncertainty Clouds Soybean Crush Outlook -](https://feedsoft.ai/events/15044-renewable-diesel-policy-uncertainty-clouds-soybean-crush-outlook.md) | +0.7% | +4.1% |
| SBO | 2024-12-19 | [Edible oil prices tumble on US ethanol plan and record soybean supplies](https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies.md) | -0.1% | +9.1% |
| SBO | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -6.8% | -2.7% |
| SBO | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +8.1% | +16.8% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SOY | 2026-03-23 | [Renewable Diesel Policy Uncertainty Clouds Soybean Crush Outlook -](https://feedsoft.ai/events/15044-renewable-diesel-policy-uncertainty-clouds-soybean-crush-outlook.md) | -0.2% | +0.4% |
| SOY | 2024-12-19 | [Edible oil prices tumble on US ethanol plan and record soybean supplies](https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies.md) | +3.8% | +8.6% |
| SOY | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -4.9% | +0.1% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/business-markets/commodities/news/15637203/rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices

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