# Trump trade policy seen as wild card for US soybean farmers

> Reuters reports that a mix of state and federal programs supporting lower carbon intensity fuels received a boost from the Inflation Reduction Act in 2022. US renewable diesel production capacity has risen 200% since 2021.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15167-trump-trade-policy-seen-as-wild-card-for-us-soybean-farmers
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong growth in renewable diesel capacity increases demand for soyoil and other vegetable oils, which supports soybean crush and prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-05-28 | [Policy priorities of Iowa soybean farmers](https://feedsoft.ai/events/52999-policy-priorities-of-iowa-soybean-farmers.md) | +0.9% | +0.2% |
| SBO | 2019-06-12 | [Buffeted by trade winds, soybean farmers seek tax credit renewal - Roll Call](https://feedsoft.ai/events/58472-buffeted-by-trade-winds-soybean-farmers-seek-tax-credit-renewal-roll-call.md) | +4.1% | +2.8% |
| SBO | 2026-03-17 | [Soybean Oil Gains as Trump Plans Farmers, Biofuel Makers Meeting](https://feedsoft.ai/events/20244-soybean-oil-gains-as-trump-plans-farmers-biofuel-makers-meeting.md) | +0.6% | +0.2% |
| SBO | 2025-08-01 | [Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn](https://feedsoft.ai/events/15094-trump-s-america-first-biodiesel-policy-could-cost-us-companies-consumers-trade.md) | -1.5% | -1.3% |
| SBO | 2024-06-24 | [Soybean Crush Remains Strong as US Energy Policy Goes Awry](https://feedsoft.ai/events/15207-soybean-crush-remains-strong-as-us-energy-policy-goes-awry.md) | +0.4% | +7.2% |
| SOY | 2019-06-12 | [Buffeted by trade winds, soybean farmers seek tax credit renewal - Roll Call](https://feedsoft.ai/events/58472-buffeted-by-trade-winds-soybean-farmers-seek-tax-credit-renewal-roll-call.md) | +6.3% | +3.9% |
| SOY | 2025-08-01 | [Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn](https://feedsoft.ai/events/15094-trump-s-america-first-biodiesel-policy-could-cost-us-companies-consumers-trade.md) | +1.0% | +6.9% |
| SOY | 2024-06-24 | [Soybean Crush Remains Strong as US Energy Policy Goes Awry](https://feedsoft.ai/events/15207-soybean-crush-remains-strong-as-us-energy-policy-goes-awry.md) | -0.9% | -3.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/trump-trade-policy-seen-wild-card-us-soybean-farmers-opportunity-crushers-2024-11-13/

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