# United States biofuel credit prices hit 3-year low, anticipated to stay weak, EIA says

> US biomass-based diesel and ethanol RIN credit prices have fallen to three-year lows, with D4 and D6 RINs at their lowest since 2020. The EIA attributes the slump to declining soybean oil prices, rising renewable diesel output, and low blending targets through 2025.

- Date: 2024-05-04 · published 2024-05-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30344-united-states-biofuel-credit-prices-hit-3-year-low-anticipated-to-stay-weak-eia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower RIN values reduce incentives for biofuel production, weakening demand for soybean oil and other biofuel feedstocks.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-02-28 | [U.S. biofuel credit prices hit 3-year low, expected to stay weak, EIA says](https://feedsoft.ai/events/31768-u-s-biofuel-credit-prices-hit-3-year-low-expected-to-stay-weak-eia-says.md) | -0.0% | +7.7% |
| SBO | 2018-02-07 | [Oil prices tank as US crude and fuel stockpiles jump](https://feedsoft.ai/events/11357-oil-prices-tank-as-us-crude-and-fuel-stockpiles-jump.md) | -4.8% | -3.7% |
| SBO | 2023-04-14 | [EU sunflower-seed output set to hit record level this year](https://feedsoft.ai/events/36521-eu-sunflower-seed-output-set-to-hit-record-level-this-year.md) | +1.0% | -3.8% |
| SBO | 2025-01-02 | [Fitch Expects CPO Prices to Weaken in 2025 Amid Improved Yield, Higher Soybean Output - MPOC](https://feedsoft.ai/events/5049-fitch-expects-cpo-prices-to-weaken-in-2025-amid-improved-yield-higher-soybean.md) | -0.6% | +10.7% |
| SBO | 2026-01-13 | [USDA lifts 2025-26 soybean crush as tallow displaces soybean oil for biofuel \| Feed & Grain](https://feedsoft.ai/events/21144-usda-lifts-2025-26-soybean-crush-as-tallow-displaces-soybean-oil-for-biofuel.md) | +2.9% | +8.9% |

## Sources

- energynews.oedigital.com: https://energynews.oedigital.com/fossil-fuels/2024/05/04/united-states-biofuel-credit-prices-hit-3year-low-anticipated-to-stay-weak-eia-says

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