news: Expansion of US renewable diesel output limited by feedstock constrains

After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.

• Mar 21, 2024Rapid expansion of soybean crush capacity risks exceeding growth of renewable diesel | CoBank | Cooperative. Connected. Committed.-0.5%
• Oct 1, 2024Ethanol Capacity Expands in July, Renewable Diesel Capacity Contracts+1.5%
• Jul 9, 2024New Study Shows U.S. Oilseed Feedstock Production Exceeds Existing Federal Renewable Fuel Requirements; Domestic Feedstocks to Support Additional 1.4 Billion Gallons of U.S. Biofuel Production by 2030 - NOPA-3.4%
• Sep 30, 2024US renewable diesel production capacity posts largest monthly decline on record | Reuters+0.5%
• Dec 13, 2021USDA sees little renewable diesel benefit for soybean oil | The Western Producer+0.9%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Dec 3, 2020Crop Conditions Stable | Feed & Grain+0.5%
• Oct 28, 2026Corn Soybean Prices Dip as US Harvest Exceeds Expectations | Feed Strategy-1.6%
• Oct 6, 2022Early rains boost hopes for record Brazilian corn, soybean output in 2022-23 - Grain Price News+1.9%
• Dec 10, 2024USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report | Feed & Grain-0.8%
• Sep 30, 2022GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land-3.7%