# Renewable Diesel Boom Is Wild Card for U.S. Soybeans

> A rapid build-out of US and global renewable diesel capacity is underway, with US output projected to reach 5 billion gallons by 2024. About one-third of US soy oil production is currently used for biofuels, and that share is expected to rise to 43% in the 2021-22 marketing year.

- Date: 2021-09-17 · published 2021-09-17T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/44936-renewable-diesel-boom-is-wild-card-for-u-s-soybeans
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong renewable diesel demand tightens soybean oil supplies and supports prices, but the rapid capacity growth makes it a volatile wildcard.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- agriculture.com: https://www.agriculture.com/news/business/renewable-diesel-boom-is-wild-card-for-us-soybeans

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