# Renewable Diesel to Create Surge in Soybean Demand | Feed & Grain

> Renewable diesel capacity in the US could reach 5.97 billion gallons by 2024, with proposed plants along the Southern coast and Pacific Northwest. Soybean oil is the main feedstock, and the article compares the growth to the early-2000s ethanol boom.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15430-renewable-diesel-to-create-surge-in-soybean-demand-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large planned renewable diesel build-out implies substantial new soybean oil demand, which is bullish for soybean oil and soybean prices if the projects proceed.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15385866/renewable-diesel-to-create-surge-in-soybean-demand

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