# Soaring demand for soy renewable diesel will change markets - High Plains Journal

> IHS Markit analysts say new low-carbon fuel standards in California, Washington, British Columbia and proposed Canadian rules are driving strong demand for soybean oil as renewable diesel feedstock. They warn soybean oil could soon be priced out of the export market.

- Date: 2021-07-25 · published 2021-07-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/45933-soaring-demand-for-soy-renewable-diesel-will-change-markets-high-plains-journal
- 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

Policy-driven feedstock demand for soybean oil reduces exportable supply, lifting soybean oil prices and making soybean oil less available for food and export buyers, which supports the soybean complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SBO | 2020-08-06 | [REG: Biodiesel, renewable diesel demand remains strong  \| Biomass Magazine](https://feedsoft.ai/events/51489-reg-biodiesel-renewable-diesel-demand-remains-strong-biomass-magazine.md) | +0.9% | +6.2% |
| 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 | 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% |
| 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% |
| 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 | 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% |

## Sources

- hpj.com: https://hpj.com/2021/07/25/soaring-demand-for-soy-renewable-diesel-will-change-markets/

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