Slowing renewable diesel production may limit soybean oil demand

Slowing renewable diesel production may limit soybean oil demand

Monthly RIN generation under the Renewable Fuel Standard (RFS) for domestic renewable diesel production in the US has reached a 10-month low, according to data released by the counry’s Environmental Protection Agency (EPA) on Thursday June 20.

This could be a signal that demand for soybean oil is slowing.

RINs are renewable identification numbers used by the EPA to track the RFS compliance of obligated parties. RIN production during May fell by 34% to 315.6 million, a noticeable decline from the record 476.2 million RINs produced in April, and 18% below last year’s level of RIN generation.

Renewable diesel imports have remained in a tight range over the past three months, with RIN output trending below the 2023 pace. RD imports in May were 7% higher than in April but 47% below May 2023. RD imports may not effect domestic soybean oil demand but could signal a cooling in overall demand.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

06.27.2025

Sausage casings bulletin, June 27, 2025

Sausage casings bulletin, June 27, 2025

Runner market commentary

Membership required to view content.


...

Membership is required to vi...

06.25.2025

Sausage casings bulletin, June 20, 2025 [corrected]

Sausage casings bulletin, June 20, 2025 [corrected]

Runner market commentary

Membership required to view content.


Membership required to view content.


Exchange rate:
EUR/USD — $1.153

Resale European hog runner:

06.24.2025

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

Correction to sausage casings, resale, North American hog runners, whiskered, ex-works North America on June 20: pricing notice

North American hog runners price published on Friday was incorrect due to a formula miscalculation. The original reported price of $1.63 has been corrected to the accurate rolling average...

Latest Tweets