
NOPA released a press statement on the S&P Global study showing domestic feedstocks can support an additional 1.4 billion gallons of biomass-based diesel by 2030. Combined with imports, total supported production reaches 6.7 billion gallons.
The industry has invested $6 billion to expand crush capacity nearly 30%.
Expanded crush capacity and feedstock availability increase soybean oil and meal output, which is bearish for oil prices absent stronger mandates. The findings favor continued processing growth and meal supply.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.