# Diesel vs. doughnuts - Brownfield Ag News

> Ag economist David Widmar notes soybean oil prices rose from about 30 to more than 70 cents per pound as biodiesel demand grew. The American Bakers Association has petitioned the EPA to roll back some Renewable Fuel Standard biodiesel mandates. Widmar says increased soybean oil use for biodiesel has been building for years and is now more evident.

- Date: 2021-12-30 · published 2021-12-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/43700-diesel-vs-doughnuts-brownfield-ag-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A possible reduction in biodiesel mandates would cut a major source of soybean oil demand, creating downside risk. The outcome of the bakers' petition remains uncertain, so the price effect is currently balanced.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-06-23 | [U.S. biodiesel profitable despite expired tax credit - Brownfield Ag News](https://feedsoft.ai/events/70364-u-s-biodiesel-profitable-despite-expired-tax-credit-brownfield-ag-news.md) | +2.8% | +7.1% |
| SBO | 2018-06-27 | [Groups want hardship waivers to be addressed - Brownfield Ag News](https://feedsoft.ai/events/64406-groups-want-hardship-waivers-to-be-addressed-brownfield-ag-news.md) | -1.1% | -1.8% |
| SBO | 2023-04-27 | [Study: Soybean oil for biofuel production has a limited impact on food prices - Brownfield Ag News](https://feedsoft.ai/events/36473-study-soybean-oil-for-biofuel-production-has-a-limited-impact-on-food-prices.md) | -2.7% | -9.8% |
| SBO | 2017-10-24 | [NBB Holds Firm In Its Request for 2.5 Billion Gallons of Biomass-Based Diesel, 4.75 Billion Gallons of Advanced Biofuels - Fuels Market News](https://feedsoft.ai/events/68343-nbb-holds-firm-in-its-request-for-2-5-billion-gallons-of-biomass-based-diesel-4.md) | +0.1% | -2.0% |
| SBO | 2017-02-14 | [Bullish on biodiesel](https://feedsoft.ai/events/72361-bullish-on-biodiesel.md) | -4.4% | -6.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/diesel-vs-doughnuts/

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