# Processing Journal | Rabobank Soybean Outlook

> Rabobank's annual review says US renewable diesel capacity expansion outpaced EPA's final biomass-based diesel mandates set in June, creating oversupply and a collapse in D4 RIN prices. Soybean oil futures fell roughly 15% over August and September, and crude faces possible further downside from weak demand.

- Date: 2023-12-25 · published 2023-12-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/32779-processing-journal-rabobank-soybean-outlook
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Oversupply in biomass-based diesel reduces incentive for soyoil crush-driven demand, pressuring soybean oil and meal values as crushers face weaker margins.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-10-25 | [Rabobank: Renewable diesel supply glut weighs on soybean prices \| Feed & Grain](https://feedsoft.ai/events/15266-rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices-feed-and-grain.md) | +0.6% | +9.0% |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SBO | 2026-03-23 | [Renewable Diesel Policy Uncertainty Clouds Soybean Crush Outlook -](https://feedsoft.ai/events/15044-renewable-diesel-policy-uncertainty-clouds-soybean-crush-outlook.md) | +0.7% | +4.1% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2024-08-01 | [Will US court ruling affect demand for soybean oil and meal?](https://feedsoft.ai/events/12100-will-us-court-ruling-affect-demand-for-soybean-oil-and-meal.md) | -1.0% | -2.2% |
| SOY | 2023-10-25 | [Rabobank: Renewable diesel supply glut weighs on soybean prices \| Feed & Grain](https://feedsoft.ai/events/15266-rabobank-renewable-diesel-supply-glut-weighs-on-soybean-prices-feed-and-grain.md) | -0.6% | +6.3% |
| SOY | 2026-03-23 | [Renewable Diesel Policy Uncertainty Clouds Soybean Crush Outlook -](https://feedsoft.ai/events/15044-renewable-diesel-policy-uncertainty-clouds-soybean-crush-outlook.md) | -0.2% | +0.4% |
| SOY | 2018-05-11 | [China looking to rely less on US for soybeans](https://feedsoft.ai/events/64916-china-looking-to-rely-less-on-us-for-soybeans.md) | -1.8% | -4.3% |

## Sources

- processingjournal.com: https://www.processingjournal.com/article/311264/rabobank-soybean-outlook

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