US renewable diesel capacity projected to hit 5.1 billion gallons per year by 2024

After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Feb 27, 2021The US produced more than 1.8 billion gallons of biodiesel in 2020+1.1%
• Nov 16, 2022Renewable diesel projected to turbo charge U.S. biofuel growth – AgriNews-4.9%
• Jul 29, 2021U.S. renewable diesel capacity could increase due to announced and developing projects - U.S. Energy Information Administration (EIA)-2.4%
• Mar 24, 2022EIA projects U.S. renewable diesel supply to surpass biodiesel in AEO2022 - U.S. Energy Information Administration (EIA)-3.0%
• Jan 6, 2023Renewable diesel supply expected to rise in 2023 - McKeany-Flavell+1.5%

After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.

• Nov 26, 2024Malaysia's 2024 biodiesel exports projected to hit five-year high amid stable production: USDA | S&P Global+1.7%
• Jul 29, 2021U.S. renewable diesel capacity could increase due to announced and developing projects - U.S. Energy Information Administration (EIA)+2.6%
• Apr 15, 2022EIA’s latest energy outlook forecasts US renewable diesel supply to…+1.2%
• Mar 9, 2023EIA: Renewable Diesel Growth at Expense of Biodiesel | O&E Online-2.4%
• Dec 19, 2021Price Stays High, Export Value 2021 Potential To Exceed US$35 Billion - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)+1.3%