# Renewable Diesel & Biodiesel Margins Update October 7, 2024 | Aegis Market Insights

> Renewable diesel margins rose for a third straight week to their highest in over five months, driven by strong diesel prices and firm RIN values. Soybean oil climbed 4.4% on the week, up 11% from its September 16 low, while uncertainty over the 45Z credit weighs on early 2025 trade. ADM also idled its Des Moines soybean crush plant for maintenance in October and November.

- Date: 2024-10-07 · published 2024-10-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27950-renewable-diesel-and-biodiesel-margins-update-october-7-2024-aegis-market
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Strong renewable diesel margins support soyoil demand, while the ADM crush outage cuts soybean crush and boosts meal and oil relative to beans.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bearish ▼
- DIESEL: bullish ▲

## Sources

- aegis-hedging.com: https://aegis-hedging.com/insights/renewable-diesel-biodiesel-margins-update-october-4-2024

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