
Chevron Renewable Energy Group plans to restart its 42-million-gallon Ralston, Iowa, biodiesel plant, which it closed in March 2024. The restart is supported by an agreement with the farmer-owned Landus Cooperative, which runs a neighboring soybean crush facility.
Chevron expects the plant to come back online around mid-2027.
Restarting capacity adds biodiesel demand for soybean oil in the US Midwest, and the nearby crush plant supports local soybean demand. The effect is gradual because the plant will not be operating until mid-2027.
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.
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.