# Renewable diesel boom fueling soybean crushing expansion | Agri-Pulse Communications, Inc.

> The renewable diesel boom is driving a surge in planned soybean crushing capacity and demand for more soybeans. Economists point to California's Low Carbon Fuel Standard as the main driver, while the proposed federal RFS volumes and falling LCFS credit values could temper growth.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded crush capacity raises soybean oil output and meal supply, supporting soybean oil demand while adding pressure on soybean meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-10-27 | [Dramatic expansion in renewable diesel production could pose challenge to some biodiesel producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44391-dramatic-expansion-in-renewable-diesel-production-could-pose-challenge-to-some.md) | -1.6% | -4.9% |
| SBO | 2021-09-01 | [US soy: Renewable diesel not a food-versus-fuel issue \| 2021-08-31  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44937-us-soy-renewable-diesel-not-a-food-versus-fuel-issue-2021-08-31-agri-pulse.md) | -1.4% | +0.3% |
| SBO | 2022-04-20 | [EPA proposes canola oil RFS pathway for renewable diesel, SAF \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15402-epa-proposes-canola-oil-rfs-pathway-for-renewable-diesel-saf-agri-pulse.md) | +1.3% | -1.8% |
| SBO | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | -0.4% | -5.6% |
| SBO | 2023-10-04 | [California is on track to eliminate ‘dirty diesel’ by 2030—thanks to Midwest soybean farmers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15273-california-is-on-track-to-eliminate-dirty-diesel-by-2030-thanks-to-midwest.md) | -7.7% | -8.5% |
| SBM | 2021-10-27 | [Dramatic expansion in renewable diesel production could pose challenge to some biodiesel producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44391-dramatic-expansion-in-renewable-diesel-production-could-pose-challenge-to-some.md) | +2.7% | +8.4% |
| SBM | 2022-11-10 | [CHS sees 'bullish' demand in soybean oil, citing renewable diesel](https://feedsoft.ai/events/38751-chs-sees-bullish-demand-in-soybean-oil-citing-renewable-diesel.md) | -2.3% | +10.0% |
| SBM | 2023-02-27 | [Soy oil demand soars amid renewable diesel growth \| CHS Inc.](https://feedsoft.ai/events/15333-soy-oil-demand-soars-amid-renewable-diesel-growth-chs-inc.md) | -0.4% | -9.6% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/18588-renewable-diesel-boom-fueling-soybean-crushing-expansion

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