# Renewable Diesel Plans Could Outstrip Soybean Acres, Soy Oil Supplies

> DTN reports that analysts struggle to model soybean oil needs as renewable diesel projects multiply. Rabobank's forecasts show renewable diesel could require tens of millions of added soybean acres and about 3.6 billion bushels more soybean production by 2030. Government policies, including the RFS RIN system, a $1 per gallon tax credit and California's LCFS, drive the buildout.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/43698-renewable-diesel-plans-could-outstrip-soybean-acres-soy-oil-supplies
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growing biofuel demand for soybean oil is expected to tighten vegetable oil supplies and lift soybean prices and crush margins. The policy-driven outlook supports firmer soybean and soy oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-08-26 | [Tight RIN Supplies Could Support Renewable Diesel Demand - RFD-TV](https://feedsoft.ai/events/15004-tight-rin-supplies-could-support-renewable-diesel-demand-rfd-tv.md) | +9.0% | +1.1% |
| 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 | 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 | 2021-11-12 | [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 | 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% |
| SOY | 2026-08-26 | [Tight RIN Supplies Could Support Renewable Diesel Demand - RFD-TV](https://feedsoft.ai/events/15004-tight-rin-supplies-could-support-renewable-diesel-demand-rfd-tv.md) | +6.4% | +7.3% |
| SOY | 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) | +4.4% | +4.6% |
| SOY | 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) | +0.1% | -6.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2021/12/16/renewable-diesel-plans-outstrip-soy

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