# South Dakota Soybean | Biodiesel Industry Plans for Future Growth;…

> The National Biodiesel Board announced a vision for the biodiesel and renewable diesel industry to reach 6 billion gallons annually by 2030, more than doubling current output. Member plants stayed open during COVID-19 after being designated essential, and production in 2020 was reported up year over year.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/50990-south-dakota-soybean-biodiesel-industry-plans-for-future-growth
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planned biodiesel growth would draw substantially more soybean oil into fuel use, supporting soybean oil prices and crush margins. The soybean meal byproduct from that crush would also be more plentiful.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -0.5% |
| SBO | 2019-01-22 | [Soybean growers benefit from growing biodiesel industry - Brownfield Ag News](https://feedsoft.ai/events/60973-soybean-growers-benefit-from-growing-biodiesel-industry-brownfield-ag-news.md) | +4.4% | +2.5% |
| SBO | 2017-05-03 | [Biodiesel industry in full-court press for industry growth \| 2017-05-02 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70871-biodiesel-industry-in-full-court-press-for-industry-growth-2017-05-02-agri.md) | +0.9% | -3.1% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |
| SBO | 2025-06-13 | [EPA's RFS Proposal on Biodiesel Sparks Jump in Soybean Futures Prices](https://feedsoft.ai/events/24298-epa-s-rfs-proposal-on-biodiesel-sparks-jump-in-soybean-futures-prices.md) | +10.1% | +8.6% |
| SOY | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -2.4% |
| SOY | 2019-01-22 | [Soybean growers benefit from growing biodiesel industry - Brownfield Ag News](https://feedsoft.ai/events/60973-soybean-growers-benefit-from-growing-biodiesel-industry-brownfield-ag-news.md) | +0.7% | -1.7% |
| SOY | 2025-06-13 | [EPA's RFS Proposal on Biodiesel Sparks Jump in Soybean Futures Prices](https://feedsoft.ai/events/24298-epa-s-rfs-proposal-on-biodiesel-sparks-jump-in-soybean-futures-prices.md) | +2.5% | -4.3% |

## Sources

- sdsoybean.org: https://www.sdsoybean.org/news-media/biodiesel-industry-plans-for-future-growth-8211-soy-to-play-the-leading-role

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