# Big Oil is Teaming Up With Big Ag, And it Could Turn Cover Crops Into the New Cash Crop for Farmers - AgWeb

> Oil and agriculture companies are partnering to find additional feedstock sources for renewable diesel, including cover crops. S&P Global forecasts soybean oil demand to rise 25% by 2024, with demand flat into 2025 because crush capacity limits growth.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/15327-big-oil-is-teaming-up-with-big-ag-and-it-could-turn-cover-crops-into-the-new
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Growing renewable diesel investment supports soybean oil demand, but the forecast notes that crop supply and crush capacity constrain how far demand can rise.

## Read by commodity

- SBO: bullish ▲

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/big-oil-teaming-big-ag-and-it-could-turn-cover-crops-new-cash-crop-farmers

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