# U.S. rush for renewable diesel may ignite fresh food fight | Reuters

> Reuters reports that rapid growth in U.S. renewable diesel processing capacity will draw heavily on soybean oil, the main feedstock. Biofuel already accounts for over 40% of U.S. soy oil demand, and that share is expected to rise as new plants start up.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15353-u-s-rush-for-renewable-diesel-may-ignite-fresh-food-fight-reuters
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Growing biofuel demand for soy oil tightens vegetable oil supply, supporting soybean oil prices and crush margins, which lifts meal output and feed-related byproduct supply.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-10-04 | [U.S. oil refiners look to leapfrog Canadians in making renewable diesel](https://feedsoft.ai/events/50523-u-s-oil-refiners-look-to-leapfrog-canadians-in-making-renewable-diesel.md) | +6.9% | +5.2% |
| 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 | 2021-04-09 | [U.S. renewable fuels market could face feedstock deficit \| Reuters](https://feedsoft.ai/events/47456-u-s-renewable-fuels-market-could-face-feedstock-deficit-reuters.md) | +0.3% | +16.2% |
| SBO | 2021-03-03 | [Insight: Renewable diesel boom highlights challenges in clean-energy transition \| Reuters](https://feedsoft.ai/events/48000-insight-renewable-diesel-boom-highlights-challenges-in-clean-energy-transition.md) | +9.5% | +8.0% |
| SBO | 2021-04-13 | [Renewable Diesel Feedstock – Green Fuel and Affordable Food Part 2 \| S&P Global](https://feedsoft.ai/events/47458-renewable-diesel-feedstock-green-fuel-and-affordable-food-part-2-s-and-p-global.md) | +7.3% | +19.6% |
| SOY | 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) | +4.4% | +4.6% |
| SOY | 2021-03-03 | [Insight: Renewable diesel boom highlights challenges in clean-energy transition \| Reuters](https://feedsoft.ai/events/48000-insight-renewable-diesel-boom-highlights-challenges-in-clean-energy-transition.md) | +1.9% | -3.3% |
| SOY | 2026-09-11 | [Biodiesel Producers Prepare for Higher US Renewable Fuel Requirements](https://feedsoft.ai/events/14995-biodiesel-producers-prepare-for-higher-us-renewable-fuel-requirements.md) | +3.1% | +0.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-rush-renewable-diesel-may-ignite-fresh-food-fight-maguire-2022-11-08/

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