# U.S. renewable fuels market could face feedstock deficit | Reuters

> Reuters reports that U.S. demand for soybean oil is expected to far outstrip supply by 2023, citing a BMO Capital Markets report from October 2020. BMO estimates incremental soybean oil demand of 8 billion pounds by 2023 from expanding renewable diesel production.

- Date: 2021-04-09 · published 2021-04-09T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/47456-u-s-renewable-fuels-market-could-face-feedstock-deficit-reuters
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Growing biofuel feedstock demand tightens soybean oil balances, supporting soybean oil and vegetable oil prices and potentially crushing margins for meal.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-08-19 | [Marathon Petroleum forms JV with ADM for renewable fuels feedstock \| Reuters](https://feedsoft.ai/events/45651-marathon-petroleum-forms-jv-with-adm-for-renewable-fuels-feedstock-reuters.md) | -4.3% | -8.1% |
| SBO | 2021-08-17 | [Renewable fuel companies edge out some refiners on feedstock](https://feedsoft.ai/events/11368-renewable-fuel-companies-edge-out-some-refiners-on-feedstock.md) | -8.0% | -11.7% |
| SBO | 2026-05-29 | [Renewable fuel credit prices hit records on U.S. biofuel mandates, oil market volatility \| Reuters](https://feedsoft.ai/events/19350-renewable-fuel-credit-prices-hit-records-on-u-s-biofuel-mandates-oil-market.md) | -0.2% | -3.8% |
| SBO | 2025-08-07 | [Analysis of Feedstock Policy on U.S. Renewable Fuels Production \| Stillwater Associates](https://feedsoft.ai/events/15099-analysis-of-feedstock-policy-on-u-s-renewable-fuels-production-stillwater.md) | -0.3% | -1.9% |
| SBO | 2025-03-14 | [Growing renewable fuels market continues to shape U.S. soybean demand\| \| Nuveen Natural Capital \| Nuveen](https://feedsoft.ai/events/15133-growing-renewable-fuels-market-continues-to-shape-u-s-soybean-demand-nuveen.md) | +2.4% | +10.0% |
| SBM | 2022-11-08 | [U.S. rush for renewable diesel may ignite fresh food fight \| Reuters](https://feedsoft.ai/events/15353-u-s-rush-for-renewable-diesel-may-ignite-fresh-food-fight-reuters.md) | -2.6% | +6.0% |
| SBM | 2016-12-05 | [Higher renewable fuels standard supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73343-higher-renewable-fuels-standard-supports-oils-agweek-1-source-for-agriculture.md) | +2.2% | -0.8% |
| SBM | 2016-11-28 | [EPA Renewable Fuel Standard Rallies Soybean Oil Prices - farmdoc daily](https://feedsoft.ai/events/73747-epa-renewable-fuel-standard-rallies-soybean-oil-prices-farmdoc-daily.md) | -3.1% | -4.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-renewable-fuels-market-could-face-feedstock-deficit-2021-04-09/

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