# Your Guide to the Emerging Renewable Diesel Market - AgWeb

> AgWeb explains that renewable diesel, made from fats and vegetable oils, is growing under state low-carbon fuel standards in California and Oregon. An AgResource analyst says US soybean oil supply must nearly double by 2024, requiring about 60% more crushing.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/44396-your-guide-to-the-emerging-renewable-diesel-market-agweb
- 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

Expected growth in renewable diesel would drive large increases in soybean oil demand, supporting oil prices and crush margins relative to meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-09-22 | [4 Things to Know About the Renewable Fuel Standard - AgWeb](https://feedsoft.ai/events/15367-4-things-to-know-about-the-renewable-fuel-standard-agweb.md) | -5.5% | +0.8% |
| SBO | 2020-08-18 | [Renewable diesel: The wave that keeps rising - ADI Analytics](https://feedsoft.ai/events/51484-renewable-diesel-the-wave-that-keeps-rising-adi-analytics.md) | +1.2% | +8.9% |
| 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% |
| SBO | 2021-07-25 | [Soaring demand for soy renewable diesel will change markets - High Plains Journal](https://feedsoft.ai/events/45933-soaring-demand-for-soy-renewable-diesel-will-change-markets-high-plains-journal.md) | +0.1% | -10.5% |
| SBO | 2023-07-17 | [Renewable diesel holds promising potential](https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential.md) | +0.1% | -2.4% |
| SOY | 2022-09-22 | [4 Things to Know About the Renewable Fuel Standard - AgWeb](https://feedsoft.ai/events/15367-4-things-to-know-about-the-renewable-fuel-standard-agweb.md) | -3.6% | -6.1% |
| SOY | 2021-07-25 | [Soaring demand for soy renewable diesel will change markets - High Plains Journal](https://feedsoft.ai/events/45933-soaring-demand-for-soy-renewable-diesel-will-change-markets-high-plains-journal.md) | +1.0% | -7.7% |
| SOY | 2023-07-17 | [Renewable diesel holds promising potential](https://feedsoft.ai/events/15297-renewable-diesel-holds-promising-potential.md) | +0.4% | -6.3% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/soybeans/your-guide-emerging-renewable-diesel-market

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