# US government to expand biofuels forecasts as renewable diesel sector grows - World - Business Recorder

> Reuters reports the USDA and Energy Department plan to change monthly reports to track renewable diesel growth. USDA will adjust how it reports biofuel soyoil use in WASDE as soon as spring. EIA will add renewable diesel data to its Petroleum Supply Monthly report.

- Date: 2021-03-08 · published 2021-03-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48004-us-government-to-expand-biofuels-forecasts-as-renewable-diesel-sector-grows
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Better data on biofuel soyoil use may reveal larger demand than previously reported, which could support soyoil prices once published. The report changes themselves do not alter current supply.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-06-02 | [Renewable diesel drives growth in 2019 biomass-based diesel imports -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/52475-renewable-diesel-drives-growth-in-2019-biomass-based-diesel-imports-u-s-energy.md) | +1.8% | +0.1% |
| SBO | 2022-01-20 | [USDA sees little renewable diesel benefit for soybean oil \| Farmtario](https://feedsoft.ai/events/43241-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-farmtario.md) | +1.6% | +5.0% |
| SBO | 2024-03-12 | [USDA experts have adjusted forecasts for world production of oils and meals](https://feedsoft.ai/events/31302-usda-experts-have-adjusted-forecasts-for-world-production-of-oils-and-meals.md) | +4.0% | +3.7% |
| SBO | 2021-10-02 | [CBOT soyabeans extend slide - Markets - Business Recorder](https://feedsoft.ai/events/44605-cbot-soyabeans-extend-slide-markets-business-recorder.md) | +2.4% | +6.5% |
| SBO | 2023-08-11 | [USDA maintains forecast for 2023-'24 soybean oil use in biofuel \| Biodiesel Magazine](https://feedsoft.ai/events/15284-usda-maintains-forecast-for-2023-24-soybean-oil-use-in-biofuel-biodiesel.md) | +0.7% | -6.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40071381

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