# Higher renewable fuels standard supports oils - Agweek | #1 source for agriculture news, farming, markets

> Beeson Inc. analyst Alex Norton says the US government raised 2017 Renewable Fuels Standard mandates, requiring more fats for biodiesel, which the market did not anticipate. He estimates the change adds about 100 million pounds of soybean oil demand beyond USDA's existing forecasts, and says supplies are tight across vegetable oil markets.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/73343-higher-renewable-fuels-standard-supports-oils-agweek-1-source-for-agriculture
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Additional biodiesel demand tightens soybean oil and broader vegetable oil supplies, supporting fats and oils prices for feed and industrial buyers.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2016-11-27 | [EPA Renewable Fuel Standard rallies soybean oil prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73744-epa-renewable-fuel-standard-rallies-soybean-oil-prices-agweek-1-source-for.md) | +2.3% | -5.6% |
| SBO | 2017-10-22 | [EPA decision on mandates supports oils - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68334-epa-decision-on-mandates-supports-oils-agweek-1-source-for-agriculture-news.md) | +2.0% | +0.8% |
| SBO | 2018-10-21 | [North Dakota needs higher RFS volumes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/62414-north-dakota-needs-higher-rfs-volumes-agweek-1-source-for-agriculture-news.md) | -3.4% | -6.1% |
| SBO | 2025-02-20 | [Renewable fuels aren't going away, speakers at Evolution Ag Summit say - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/15148-renewable-fuels-aren-t-going-away-speakers-at-evolution-ag-summit-say-agweek-1.md) | -0.2% | -5.0% |
| SBO | 2026-09-16 | [Farm Bill 2.0 passes the Senate Agriculture Committee - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/17470-farm-bill-2-0-passes-the-senate-agriculture-committee-agweek-1-source-for.md) | -3.5% | -1.5% |
| PALMOIL | 2020-06-02 | [Strong demand supports prices for vegetable oils at a high level](https://feedsoft.ai/events/6049-strong-demand-supports-prices-for-vegetable-oils-at-a-high-level.md) | +3.9% | +5.2% |
| PALMOIL | 2022-08-11 | [Vegetable oils: Supply stress and biofuel blending mandates drive demand for soybean oil - Fastmarkets](https://feedsoft.ai/events/40126-vegetable-oils-supply-stress-and-biofuel-blending-mandates-drive-demand-for.md) | +1.5% | -11.2% |
| PALMOIL | 2026-05-05 | [EPA Sets Record Renewable Fuel Volumes for 2026-2027 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15025-epa-sets-record-renewable-fuel-volumes-for-2026-2027-farm-bureau-intel-markets.md) | -1.2% | -1.9% |

## Sources

- agweek.com: https://www.agweek.com/opinion/higher-renewable-fuels-standard-supports-oils

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