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Panelists at the Farm Progress Show discussed growing demand for lower-carbon fuels as states set emissions targets and incentives. Chevron Renewable Energy Group, which acquired Renewable Energy Group for over $3 billion, aims to produce 100,000 barrels a day of renewable fuel.
Large-scale renewable fuel capacity plans increase demand for soybean oil and other feedstocks, supporting soybean and soybean oil prices over the medium term.
iasoybeans.comIowa Soybean AssociationSep 8, 2022After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
