# Ag traders gear up for green boom

> 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.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/48003-ag-traders-gear-up-for-green-boom
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-05-20 | [The race for green fuel is on](https://feedsoft.ai/events/46967-the-race-for-green-fuel-is-on.md) | -0.5% | -8.4% |
| SBO | 2024-11-13 | [Trump trade policy seen as wild card for US soybean farmers](https://feedsoft.ai/events/15167-trump-trade-policy-seen-as-wild-card-for-us-soybean-farmers.md) | -3.4% | -8.1% |
| SBO | 2024-11-28 | [Biofuels' hunger for used cooking oil faces trade challenges \| World Grain](https://feedsoft.ai/events/27477-biofuels-hunger-for-used-cooking-oil-faces-trade-challenges-world-grain.md) | -0.4% | -0.8% |
| SBO | 2020-07-16 | [Tax incentive and infrastructure boost good for agriculture](https://feedsoft.ai/events/51970-tax-incentive-and-infrastructure-boost-good-for-agriculture.md) | +3.9% | +11.1% |
| SBO | 2019-04-15 | [Palm oil is not a green fuel, says EU \| T&E](https://feedsoft.ai/events/59610-palm-oil-is-not-a-green-fuel-says-eu-t-and-e.md) | -0.9% | -9.0% |
| SOY | 2021-05-20 | [The race for green fuel is on](https://feedsoft.ai/events/46967-the-race-for-green-fuel-is-on.md) | -2.3% | -13.6% |
| SOY | 2024-11-13 | [Trump trade policy seen as wild card for US soybean farmers](https://feedsoft.ai/events/15167-trump-trade-policy-seen-as-wild-card-for-us-soybean-farmers.md) | -0.5% | -0.8% |
| SOY | 2020-07-02 | [China Gearing-up To Meet Increase In Demand For Feed - Trade News - News - Zhejiang Yaofi Bio-Tech Co.,Ltd](https://feedsoft.ai/events/52131-china-gearing-up-to-meet-increase-in-demand-for-feed-trade-news-news-zhejiang.md) | +0.5% | -0.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/business/ag-traders-gear-up-for-green-boom

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