◂ Event Timeline

Jun 6, 2022POLICYUS

ADM-owned barge-fleeting operation becomes newest member of B20 Club

ARTCO, an ADM-owned barge and fleeting subsidiary, has joined the B20 Club for its use of biodiesel blends. The company runs 29 vessels that burn 22 million gallons of B20 to B30 each year.

WHY IT MATTERS

Routine biodiesel adoption by a single fleet operator adds only marginal soybean oil demand. The story has little direct price impact.

AFFECTSSoybean Oil▲

SOURCE
biobased-diesel.comIllinois Soybean AssociationJun 6, 2022

Price reaction & history

Soybean Oil▲bullishSO FAR1d +0.0%5d -0.1%20d -17.9%

After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.

Jun 6, 2022B20 Club Welcomes Barge Fleeting Operation As Newest Member | Illinois Soybean Association-0.1%
Jul 8, 2026Crunch time is now for meeting RVO | CoBank | Cooperative. Connected. Committed.+7.3%
Oct 12, 2021Oil becoming new driver for soybean industry+2.9%
Mar 14, 2022Top Exporter of Soy Meal, Oil Halts Cargoes as Prices Surge - Bloomberg-9.8%
Feb 24, 2023Renewable diesel facilities will need a billion bushels of soybeans to meet needs-1.4%

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.

Soybean Oil SBO · GP ▸

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