# Soy is preferred feedstock in biodiesel production

> The National Biodiesel Board's virtual conference highlighted plans to grow biodiesel to 6 billion gallons by 2030, which would require over 18 billion pounds of soybean oil annually. Industry leaders said cover crops could add oilseed supply and that state low-carbon fuel standards could boost demand.

- Date: 2021-01-21 · published 2021-01-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49017-soy-is-preferred-feedstock-in-biodiesel-production
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Long-term projected biodiesel growth implies rising soybean oil demand, supporting oil prices and the value of the soybean crush, though the timeline is long.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/soy-is-preferred-feedstock-in-biodiesel-production

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