# Don’t write-off renewable diesel; feedstock demand is only in the

> An industry commentary argues that renewable diesel and sustainable aviation fuel plans will reshape oilseed supply, demand and global trade flows. It points to US incentives under the Inflation Reduction Act driving new investment and capacity, while noting that economic and market challenges are emerging.

- Date: 2023-08-22 · published 2023-08-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/34660-don-t-write-off-renewable-diesel-feedstock-demand-is-only-in-the
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Growing biofuel feedstock demand supports vegetable oil prices and pulls soybean oil away from food and feed uses, which tightens meal-linked supply over time.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | -0.4% | -5.6% |
| SBO | 2021-04-13 | [Renewable Diesel Feedstock – Green Fuel and Affordable Food Part 2 \| S&P Global](https://feedsoft.ai/events/47458-renewable-diesel-feedstock-green-fuel-and-affordable-food-part-2-s-and-p-global.md) | +7.3% | +19.6% |
| 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 | 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 | 2023-12-18 | [Demand to Surpass Supply in Renewable Diesel Market \| Red River Farm Network](https://feedsoft.ai/events/15253-demand-to-surpass-supply-in-renewable-diesel-market-red-river-farm-network.md) | -1.2% | -3.1% |

## Sources

- euronext.com: https://www.euronext.com/en/news/dont-write-renewable-diesel-feedstock-demand-only-foothills

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