# Future of renewable diesel industry could fuel the expansion on soybean markets - Brownfield Ag News

> An analyst told Brownfield that growth in renewable diesel will add demand for US soybeans and vegetable oils. He projected 400 to 450 million bushels of new soybean crush capacity in the US over the next four years, and said renewable diesel is already supporting prices for vegetable oils, greases and tallow.

- Date: 2022-02-15 · published 2022-02-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15421-future-of-renewable-diesel-industry-could-fuel-the-expansion-on-soybean-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding crush capacity and renewable diesel feedstock demand should increase soybean crush and support soybean and soybean oil prices over the coming years.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/future-of-renewable-diesel-industry-could-fuel-the-expansion-on-soybean-markets/

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