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Chevron will restart its idled biodiesel plant in Ralston, Iowa, in phases, supported by a feedstock supply agreement with Landus Cooperative. The plant was idled in 2024 after weak blending targets and lapsed tax policies hurt biodiesel economics.
Restarting a major biodiesel plant adds soybean oil demand and creates a new outlet for Iowa soybeans, which is supportive for soybean oil and soybean prices.
iowarfa.orgNov 12, 2026After 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.
