# Renewable diesel supply expected to rise in 2023 - McKeany-Flavell

> U.S. renewable diesel capacity rose to 2.134 billion gallons in August to October 2022, up 45 percent from the start of the year. USDA data showed November 2022 soybean crush at 5.7 million tons, down 3.6 percent from October, with inedible soybean oil use rising year over year.

- Date: 2023-01-06 · published 2023-01-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15342-renewable-diesel-supply-expected-to-rise-in-2023-mckeany-flavell
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Growing renewable diesel capacity is pulling a larger share of soybean oil into biofuels, which supports soybean oil prices while slower crush reduces meal output.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-04-15 | [EIA’s latest energy outlook forecasts US renewable diesel supply to…](https://feedsoft.ai/events/15403-eia-s-latest-energy-outlook-forecasts-us-renewable-diesel-supply-to.md) | +3.2% | +2.7% |
| SBO | 2022-03-24 | [EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/15408-eia-projects-u-s-renewable-diesel-supply-to-surpass-biodiesel-in-aeo2022-u-s.md) | -3.0% | +263.0% |
| SBO | 2024-04-09 | [FAPRI Report Outlines Expected Growth in Renewable Diesel, SAF Production - World-Energy](https://feedsoft.ai/events/15223-fapri-report-outlines-expected-growth-in-renewable-diesel-saf-production-world.md) | -5.0% | -7.5% |
| SBO | 2022-01-05 | [Soybean oil edible use up 9.5% in November - McKeany-Flavell](https://feedsoft.ai/events/43240-soybean-oil-edible-use-up-9-5-in-november-mckeany-flavell.md) | +0.7% | +6.3% |
| SBO | 2023-08-22 | [Record use of soybean oil for biofuel in May - McKeany-Flavell](https://feedsoft.ai/events/34662-record-use-of-soybean-oil-for-biofuel-in-may-mckeany-flavell.md) | -1.1% | -8.2% |
| SBM | 2021-05-26 | [April soybean crush well below expectations - McKeany-Flavell](https://feedsoft.ai/events/47159-april-soybean-crush-well-below-expectations-mckeany-flavell.md) | +1.5% | -6.4% |
| SBM | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -2.2% | -0.4% |
| SBM | 2025-09-24 | [Fishmeal shortages are expected to begin in 2028, a new report suggests - WeAreAquaculture](https://feedsoft.ai/events/22940-fishmeal-shortages-are-expected-to-begin-in-2028-a-new-report-suggests.md) | -3.1% | +3.9% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/renewable-diesel-supply-expected-to-rise-in-2023-01-06-23/

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