# Renewable Diesel Market Credited for Soyoil Demand | Red River Farm Network

> CHS Vice President of Refined Fuels Jason Schwantz says growing interest in renewable diesel is pushing up prices. He attributes part of the rally to large volumes of soybean oil moving into renewable diesel. He adds that more renewable diesel projects are planned but their financial viability is still uncertain.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15386-renewable-diesel-market-credited-for-soyoil-demand-red-river-farm-network
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soybean oil diverted into renewable diesel tightens edible oil supply and supports soyoil prices. Uncertain project economics limit how much additional demand is likely to materialize.

## Read by commodity

- SBO: bullish ▲

## Sources

- rrfn.com: https://www.rrfn.com/2022/06/27/renewable-diesel-market-also-boosting-soybean-oil-demand/

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