American farmers will plant more corn than soybeans in 2024 — as they have in most years for over a century. But beyond that, a green diesel boom threatens to dethrone the king of all crops.
President Joe Biden’s decarbonization plan and the huge subsidies it offers to green energy are boosting demand for soybean oil, key to renewable diesel production. That means the old adage that the US farmer likes to plant corn could become history, with soy taking the No. 1 spot in the future.
“Most would see a future where that would be the case,” said Paul