# Soybeans Play A Key Role In Renewable Fuels

> 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.

- Date: 2022-09-08 · published 2022-09-08T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15374-soybeans-play-a-key-role-in-renewable-fuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large-scale renewable fuel capacity plans increase demand for soybean oil and other feedstocks, supporting soybean and soybean oil prices over the medium term.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | -0.4% | -5.6% |
| SBO | 2021-12-16 | [Renewable Diesel Plans Could Outstrip Soybean Acres, Soy Oil Supplies](https://feedsoft.ai/events/43698-renewable-diesel-plans-could-outstrip-soybean-acres-soy-oil-supplies.md) | +1.1% | +4.7% |
| SBO | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | -1.4% | -5.2% |
| SBO | 2021-04-21 | [Renewable fuel requirements threaten to play bigger role in diesel price - FreightWaves](https://feedsoft.ai/events/47457-renewable-fuel-requirements-threaten-to-play-bigger-role-in-diesel-price.md) | +8.7% | +13.3% |
| SBO | 2016-11-28 | [EPA Renewable Fuel Standard Rallies Soybean Oil Prices - farmdoc daily](https://feedsoft.ai/events/73747-epa-renewable-fuel-standard-rallies-soybean-oil-prices-farmdoc-daily.md) | +2.3% | -5.6% |
| SOY | 2021-11-12 | [Fuel the Crush: Renewable Diesel Pumps Up Soybean Demand](https://feedsoft.ai/events/15432-fuel-the-crush-renewable-diesel-pumps-up-soybean-demand.md) | +4.4% | +4.6% |
| SOY | 2021-12-16 | [Renewable Diesel Plans Could Outstrip Soybean Acres, Soy Oil Supplies](https://feedsoft.ai/events/43698-renewable-diesel-plans-could-outstrip-soybean-acres-soy-oil-supplies.md) | +5.2% | +8.1% |
| SOY | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | +1.7% | +0.8% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/soys-stake-in-renewable-fuels

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