The EPA's March RFS rule set record 2026-27 biodiesel and renewable diesel blending volumes, while crude prices have climbed since the war in Iran began.
That has increased demand for domestically produced US soybean oil, making renewable diesel and biodiesel more competitive as petroleum diesel prices rise.
AgMarket.Net's Matt Bennett said the US soybean crush has intensified the rally, while other vegetable oils also gained as countries seek domestic feedstocks to curb fuel costs.
As federal and state biofuel rules collide, is the U.S. soy oil market heading for a policy-induced crash?
With soy oil demand soaring for fuel, are consumers about to face a spike in food prices?
Is America's biofuel boom a real solution to the Mideast oil crisis or just a temporary, subsidized fix?