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Chevron will restart its idled 42-million-gallon-a-year biodiesel plant in Ralston, Iowa, likely by mid-2027, sourcing soybean oil from the neighboring Landus Cooperative plant. Separately, John Deere put five trucks on 100% biodiesel, which it expects to burn over 85,000 gallons a year.
Restarting a large biodiesel plant and adding fleet B100 demand pulls soybean oil into fuel use and supports nearby soybean crush and basis. Louisiana and Alabama's request to waive 2027 Renewable Fuel Standard obligations is the main risk to this demand.
usfarmnews.comUS Farm News StaffNov 13, 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.
