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Chevron is restarting its Ralston, Iowa biodiesel plant, which it shut in 2024, under a feedstock agreement with the farmer-owned co-op Landus. The restart follows the Trump EPA's record Renewable Fuel Standard blending levels, which have lifted biofuel demand.
Industry groups and lawmakers are also debating RFS changes.
Restored biodiesel capacity adds demand for soybean oil and soybeans, supporting crush margins and soybean oil prices. Ongoing debate over blending rules is a policy risk that could weaken that demand.
agri-pulse.comKim ChipmanNov 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.
