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Bloomberg reports the largest grain traders are expanding for the renewable diesel boom. Cargill is investing $475 million to boost soybean processing capacity, while ADM and Bunge are improving plant efficiency.
Andersons has set up a desk to trade feedstocks for the green fuel.
Trader capacity investments signal sustained soybean crush and soyoil demand from biofuels. That demand tightens vegetable oil supply and can keep soyoil prices firm relative to meal.
farmprogress.comBloombergMar 30, 2021After 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.
After 356 past bullish policy events, Soybeans 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.
