# Report highlights demands on soybean industry from US renewable diesel growth

> CoBank's report, titled Renewable Diesel Projected to Turbo Charge Biofuel Growth, projects renewable diesel capacity rising to 6.5 billion gallons by 2030. It estimates U.S. soybean acreage would need to rise 17.9 million acres and the country would need to stop exporting whole soybeans.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15372-report-highlights-demands-on-soybean-industry-from-us-renewable-diesel-growth
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large shift of soybeans into domestic crush for renewable diesel would reduce export supply and raise demand for soybean oil, supporting soybean and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-10-04 | [Report: Renewable Diesel Will Turbocharge U.S. Biofuel Growth \| Feed & Grain](https://feedsoft.ai/events/15362-report-renewable-diesel-will-turbocharge-u-s-biofuel-growth-feed-and-grain.md) | +3.3% | +8.3% |
| SBO | 2022-10-03 | [Renewable diesel demand could pressure soybean exports \| The Western Producer](https://feedsoft.ai/events/15363-renewable-diesel-demand-could-pressure-soybean-exports-the-western-producer.md) | +3.7% | +9.2% |
| 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 | 2023-12-21 | [Soybean Oil Rapidly Gaining Ground as Renewable Diesel Feedstock](https://feedsoft.ai/events/15252-soybean-oil-rapidly-gaining-ground-as-renewable-diesel-feedstock.md) | -2.6% | -3.6% |
| SBO | 2025-08-29 | [US soybean oil use in RD at 8-mth high, yellow grease demand at 6-mth high](https://feedsoft.ai/events/23407-us-soybean-oil-use-in-rd-at-8-mth-high-yellow-grease-demand-at-6-mth-high.md) | -1.9% | -6.3% |
| SOY | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -3.3% | -9.4% |
| SOY | 2022-10-04 | [Report: Renewable Diesel Will Turbocharge U.S. Biofuel Growth \| Feed & Grain](https://feedsoft.ai/events/15362-report-renewable-diesel-will-turbocharge-u-s-biofuel-growth-feed-and-grain.md) | 0.0% | +2.4% |
| SOY | 2022-10-03 | [Renewable diesel demand could pressure soybean exports \| The Western Producer](https://feedsoft.ai/events/15363-renewable-diesel-demand-could-pressure-soybean-exports-the-western-producer.md) | +0.2% | +1.7% |

## Sources

- biobased-diesel.com: https://www.biobased-diesel.com/post/report-highlights-demands-on-soybean-industry-from-us-renewable-diesel-growth

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