# Building Demand for ND Soybeans | Red River Farm Network

> North Dakota Soybean Growers Association vice president Ryan Pederson described efforts to build domestic soybean demand while exports to China are uncertain. A proposal would convert a Dickinson, North Dakota refinery to make renewable diesel from local soybean oil, potentially using about half the state's soybean oil output.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/61459-building-demand-for-nd-soybeans-red-river-farm-network
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A new domestic renewable diesel outlet for soybean oil would absorb supply and could lift soybean oil and meal values if the plant is built.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-04-25 | [B20 Mandate Delivers Demand for Soyoil \| Red River Farm Network](https://feedsoft.ai/events/65396-b20-mandate-delivers-demand-for-soyoil-red-river-farm-network.md) | -3.0% | +1.6% |
| SBO | 2023-12-18 | [Demand to Surpass Supply in Renewable Diesel Market \| Red River Farm Network](https://feedsoft.ai/events/15253-demand-to-surpass-supply-in-renewable-diesel-market-red-river-farm-network.md) | -1.2% | -3.1% |
| SBO | 2018-09-20 | [Biofuel Supporters Ask Trump for RFS Support \| Red River Farm Network](https://feedsoft.ai/events/62926-biofuel-supporters-ask-trump-for-rfs-support-red-river-farm-network.md) | +4.5% | +8.5% |
| SBO | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -0.5% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |
| SBM | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | -1.2% | -1.4% |
| SBM | 2021-07-29 | [Soybean meal needs reduced import tax](https://feedsoft.ai/events/46151-soybean-meal-needs-reduced-import-tax.md) | -0.7% | -1.2% |
| SBM | 2021-04-29 | [Correction continues for corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news.md) | +0.1% | -7.6% |

## Sources

- rrfn.com: https://www.rrfn.com/2018/12/05/building-demand-for-nd-soybeans/

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