The EIA began publishing expanded monthly data on biofuels other than ethanol, splitting out biodiesel, renewable diesel and other biofuels. The data show record renewable diesel output of 1.7 million barrels in July 2021 and 7.8 million barrels in the first half of 2021.
Better data on renewable diesel output improves visibility into vegetable oil demand from biofuels. It is a data release, so it does not on its own move prices.
After 686 past report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.0% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.