# Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand

> Low Carbon Fuel Standards in California and Oregon, with other states considering similar rules, are pushing demand for renewable diesel made from fats and vegetable oils. Industry analysts say edible fat and oil supplies would need to roughly double over the next decade to meet projected feedstock needs.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A structural increase in demand for vegetable oils for fuel would tighten supplies for food and feed uses and support soybean oil prices. The impact on soybean meal would be a by-product effect as crush rises.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-11-10 | [CHS sees 'bullish' demand in soybean oil, citing renewable diesel](https://feedsoft.ai/events/38751-chs-sees-bullish-demand-in-soybean-oil-citing-renewable-diesel.md) | -1.8% | -13.0% |
| SBO | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | -1.4% | -5.2% |
| SBO | 2022-03-25 | [Soybean oil demand will expand as renewable diesel emerges as ideal biofuel - Indiana Corn and Soy](https://feedsoft.ai/events/15407-soybean-oil-demand-will-expand-as-renewable-diesel-emerges-as-ideal-biofuel.md) | -2.1% | +274.5% |
| SBO | 2023-02-27 | [Soy oil demand soars amid renewable diesel growth \| CHS Inc.](https://feedsoft.ai/events/15333-soy-oil-demand-soars-amid-renewable-diesel-growth-chs-inc.md) | -1.3% | -8.2% |
| SBO | 2023-08-22 | [Don’t write-off renewable diesel; feedstock demand is only in the](https://feedsoft.ai/events/34660-don-t-write-off-renewable-diesel-feedstock-demand-is-only-in-the.md) | -1.1% | -8.2% |
| SOY | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | +1.7% | +0.8% |
| SOY | 2023-02-27 | [Soy oil demand soars amid renewable diesel growth \| CHS Inc.](https://feedsoft.ai/events/15333-soy-oil-demand-soars-amid-renewable-diesel-growth-chs-inc.md) | +0.1% | -6.6% |
| SOY | 2026-08-26 | [Tight RIN Supplies Could Support Renewable Diesel Demand - RFD-TV](https://feedsoft.ai/events/15004-tight-rin-supplies-could-support-renewable-diesel-demand-rfd-tv.md) | +6.4% | +7.3% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/soybeans/fuel-crush-renewable-diesel-pumps-soybean-demand

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