# Insight: Renewable diesel boom highlights challenges in clean-energy transition | Reuters

> Reuters reports USDA forecasts record soybean demand from processors and exporters this season, driven largely by strong global livestock and poultry feed needs. USDA's chief economist flagged food price concerns if expected renewable diesel demand for crops materializes. ADM's CEO said renewable diesel could add about 500 million pounds of soyoil demand this year.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/48000-insight-renewable-diesel-boom-highlights-challenges-in-clean-energy-transition
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected biofuel demand for soyoil competes with food and feed uses and supports soybean and soyoil prices. Higher oilseed values also raise the cost of soybean meal inputs for feed buyers.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-10-27 | [Dramatic expansion in renewable diesel production could pose challenge to some biodiesel producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44391-dramatic-expansion-in-renewable-diesel-production-could-pose-challenge-to-some.md) | +0.5% | +2.8% |
| SOY | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | +1.7% | +0.8% |
| SOY | 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) | +0.1% | +1.0% |
| SOY | 2021-08-11 | [US renewable diesel production faces headwinds from high feedstock costs](https://feedsoft.ai/events/45443-us-renewable-diesel-production-faces-headwinds-from-high-feedstock-costs.md) | -5.4% | -12.2% |
| 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% |
| SBO | 2021-03-03 | [Renewable diesel boom highlights challenges in North American clean-energy transition - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/48246-renewable-diesel-boom-highlights-challenges-in-north-american-clean-energy.md) | +9.5% | +8.0% |
| SBO | 2021-10-27 | [Dramatic expansion in renewable diesel production could pose challenge to some biodiesel producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44391-dramatic-expansion-in-renewable-diesel-production-could-pose-challenge-to-some.md) | -1.6% | -4.9% |
| SBO | 2020-09-22 | [Future of Renewable Diesel Demand Looks Bright \| Energy Intelligence](https://feedsoft.ai/events/50992-future-of-renewable-diesel-demand-looks-bright-energy-intelligence.md) | -2.9% | -5.1% |

## Sources

- reuters.com: https://www.reuters.com/article/idUSKBN2AV1BS/
- reuters.com: https://www.reuters.com/business/energy/renewable-diesel-boom-highlights-challenges-clean-energy-transition-2021-03-03/

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