Emerging Markets Online projects global renewable diesel output will rise from 4.8 million tons per year in 2019 to 19.7 million tons by 2030. Growth is driven by low-carbon fuel standards in California, Oregon, Washington and British Columbia, plus aviation biojet mandates.
The report is a market research study rather than a new policy action.
Long-run growth in renewable diesel demand for waste fats and oils could support feedstock prices and soybean oil use, though the impact is gradual.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.