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Canadian biodiesel and renewable diesel output averaged 150 million liters per month during the first seven months of 2026, up 152% year over year, with renewable diesel accounting for most of the growth. The country’s renewable diesel capacity reached nearly 2.4 billion liters by 2025, and plants used about 800,000 tonnes of vegetable oil from January to July 2026, more than twice the year-earlier volume.
Rapid expansion of renewable diesel production is increasing demand for vegetable oil feedstocks, which could support soybean oil prices and compete with other uses of those oils.
indexbox.ioNov 6, 2026After 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.
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.
