# Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture

> A Purdue Center for Commercial Agriculture article presents agri benchmark analysis of U.S. renewable diesel demand. Blending targets are projected to raise soybean oil demand to 8 million tons by 2029, requiring about 5.1 million additional hectares of soybeans. Shifting rotations toward soy would require soybean prices to rise 6-8%.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Growing renewable diesel demand for soybean oil pulls acreage from corn toward soybeans, supporting soybean prices and oil values relative to corn. The projected rotation shift implies a sustained soybean price premium.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-01-24 | [Renewable Diesel Boom & Where Biofuels Are Headed - Center for Commercial Agriculture](https://feedsoft.ai/events/15242-renewable-diesel-boom-and-where-biofuels-are-headed-center-for-commercial.md) | -5.4% | -4.9% |
| SBO | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | -0.5% | — |
| SBO | 2020-07-09 | [Growing US biofuel production intensifies competition for soybean oil \| Ukrainian Agrarian Confederation](https://feedsoft.ai/events/52199-growing-us-biofuel-production-intensifies-competition-for-soybean-oil-ukrainian.md) | +1.2% | +11.4% |
| SBO | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -2.8% | -8.8% |
| SBO | 2019-12-11 | [SunSirs: Agriculture: Eye-Catching Performance of Palm Oil and Soybean Oil in the Fourth Quarter Thanks to Good News Supporting](https://feedsoft.ai/events/12380-sunsirs-agriculture-eye-catching-performance-of-palm-oil-and-soybean-oil-in-the.md) | +7.5% | +9.2% |
| SOY | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | +0.5% | — |
| SOY | 2021-02-25 | [China living up to trade deal promises, Biden's agriculture secretary says](https://feedsoft.ai/events/48474-china-living-up-to-trade-deal-promises-biden-s-agriculture-secretary-says.md) | -0.9% | +0.6% |
| SOY | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -1.0% | -6.1% |

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/resource/2024/07/corn-was-king-the-transition-to-soy-in-u-s-production-agriculture/

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