# CHS sees 'bullish' demand in soybean oil, citing renewable diesel

> CHS, the largest US farmer-owned cooperative, says demand for soybean oil is bullish due to West Coast demand for renewable diesel driven by California's low carbon fuel standard. The company is expanding its Mankato, Minnesota crush refinery by $60 million.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/38751-chs-sees-bullish-demand-in-soybean-oil-citing-renewable-diesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Biofuel-driven demand for crushed soybean oil supports crush margins and oil prices, which in turn increases meal output that feed buyers will see in supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-03-25 | [Soybean oil demand will expand as renewable diesel emerges as ideal biofuel - Indiana Corn and Soy](https://feedsoft.ai/events/15407-soybean-oil-demand-will-expand-as-renewable-diesel-emerges-as-ideal-biofuel.md) | -2.1% | +274.5% |
| SBO | 2021-12-16 | [Renewable Diesel Plans Could Outstrip Soybean Acres, Soy Oil Supplies](https://feedsoft.ai/events/43698-renewable-diesel-plans-could-outstrip-soybean-acres-soy-oil-supplies.md) | +1.1% | +4.7% |
| SBO | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | -2.8% | +5.7% |
| SBM | 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) | -0.4% | -9.6% |
| SBM | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | -0.3% | +6.1% |
| SBM | 2026-05-14 | [EPA RVO Could Increase Soybean Oil Demand](https://feedsoft.ai/events/15022-epa-rvo-could-increase-soybean-oil-demand.md) | -2.8% | -12.8% |

## Sources

- startribune.com: https://www.startribune.com/chs-sees-bullish-demand-in-soybean-oil-citing-renewable-diesel/600224131

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