# ASA CEO: Renewable Diesel Could Drive a New Era for Soybean Demand, But EPA Needs to Rethink the RFS - AgWeb

> At the 2023 Commodity Classic, the American Soybean Association set policy priorities centered on the Farm Bill and EPA's recent Renewable Fuels Standard proposal. ASA CEO Steve Censky said renewable diesel could expand soybean demand, but that EPA's proposed biomass-based diesel volumes would undercut that potential.

- Date: 2023-03-07 · published 2023-03-07T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15321-asa-ceo-renewable-diesel-could-drive-a-new-era-for-soybean-demand-but-epa-needs
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A lower EPA biomass-based diesel volume would reduce expected demand for soybean oil from biofuel plants, weighing on soybean oil prices and the crush margin that supports soybean values.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-06 | [New Biofuel Targets Are the End of the Road for Renewable Diesel \| BloombergNEF](https://feedsoft.ai/events/15294-new-biofuel-targets-are-the-end-of-the-road-for-renewable-diesel-bloombergnef.md) | -0.3% | -2.6% |
| SBO | 2019-06-25 | [NBB: SREs are harming demand for biodiesel, renewable diesel \| Biomass Magazine](https://feedsoft.ai/events/58473-nbb-sres-are-harming-demand-for-biodiesel-renewable-diesel-biomass-magazine.md) | -1.3% | -1.2% |
| SBO | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-05-27 | [The Road Ahead: Renewable Diesel & SAF](https://feedsoft.ai/events/30342-the-road-ahead-renewable-diesel-and-saf.md) | +1.7% | +2.0% |
| SBO | 2023-10-25 | [Rabobank: Renewable diesel supply glut weighs on soybean prices \| Feed & Grain](https://feedsoft.ai/events/15266-rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices-feed-and-grain.md) | +0.6% | +9.0% |
| SOY | 2023-07-06 | [New Biofuel Targets Are the End of the Road for Renewable Diesel \| BloombergNEF](https://feedsoft.ai/events/15294-new-biofuel-targets-are-the-end-of-the-road-for-renewable-diesel-bloombergnef.md) | -3.8% | -7.6% |
| SOY | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2025-10-07 | [Federal Biofuel Policies Likely To Drive Demand For U.S. Corn, Soybeans - Michigan Advanced Biofuels Coalition](https://feedsoft.ai/events/15081-federal-biofuel-policies-likely-to-drive-demand-for-u-s-corn-soybeans-michigan.md) | -1.0% | +10.0% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/soybeans/asa-ceo-renewable-diesel-could-drive-new-era-soybean-demand-epa-needs-rethink-rfs

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