# Biodiesel is booming, thanks to environmental incentives : NPR

> NPR reports biodiesel and renewable diesel are booming in California, with almost a third of the state's diesel now biological in origin. A Youngstown baking company buyer says soybean oil prices have risen from 35 cents to almost a dollar per pound as crushers send oil to biodiesel.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong biofuel-driven demand for soybean oil and other oilseeds is pushing oil prices sharply higher and squeezing food users, supporting soybean complex prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-05-16 | [Biodiesel: An environmental winner – Minnesota Soybean](https://feedsoft.ai/events/15310-biodiesel-an-environmental-winner-minnesota-soybean.md) | +0.5% | +10.6% |
| SBO | 2019-03-26 | [Congress to extend biodiesel tax incentive](https://feedsoft.ai/events/59976-congress-to-extend-biodiesel-tax-incentive.md) | -0.9% | -2.6% |
| SBO | 2021-02-25 | [Iowa biodiesel standard is good for farmers and environment](https://feedsoft.ai/events/48511-iowa-biodiesel-standard-is-good-for-farmers-and-environment.md) | -0.3% | +17.4% |
| SBO | 2019-09-30 | [EU palm oil ban more than environmental issue - Asia Times](https://feedsoft.ai/events/57133-eu-palm-oil-ban-more-than-environmental-issue-asia-times.md) | +4.1% | +8.2% |
| SBO | 2019-03-27 | [National Biodiesel Board urges Congress to extend biodiesel tax incentive - Biofuels International Magazine](https://feedsoft.ai/events/59978-national-biodiesel-board-urges-congress-to-extend-biodiesel-tax-incentive.md) | +1.1% | -2.5% |
| SOY | 2021-02-25 | [Iowa biodiesel standard is good for farmers and environment](https://feedsoft.ai/events/48511-iowa-biodiesel-standard-is-good-for-farmers-and-environment.md) | -0.9% | +0.6% |
| SOY | 2023-05-04 | [Is the biodiesel industry on the ropes?](https://feedsoft.ai/events/15312-is-the-biodiesel-industry-on-the-ropes.md) | -0.8% | -8.2% |
| SOY | 2026-06-30 | [Biodiesel boom drives soybean oil to 4-year high](https://feedsoft.ai/events/18887-biodiesel-boom-drives-soybean-oil-to-4-year-high.md) | +7.9% | +9.3% |

## Sources

- npr.org: https://www.npr.org/2021/10/28/1043413986/biodiesel-is-booming-it-may-help-the-climate-but-theres-a-big-environmental-risk

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