How did seed oils and biofuels fair in 2024? Wild price swings dominated as the markets reacted to changing yields and biofuel demand. At the same time, the markets braced for a change in the US administration and the policies left ill-defined by the previous one.
Why did the US suddenly become the world’s largest Used Cooking Oil importer? What could 2025 bring? And what will the Trump Administration bring – not least with RFK’s views on seed oils and health?
Speaking to our host Paul Chapman on this episode is Walter Cronin. Walter is the co-founder and president of White River Nutrition, a soy processing company dedicated to better nutritional outcomes via superior vegetable protein meals. Walter's an investor and on various boards across the agri and renewable fuels sector.
Key Talent Takeaways
Cross-Sector Expertise is Critical in Commodities
The evolving demands of renewable fuels, soybean processing, and global policy shifts require individuals with a blend of skills across agriculture, biofuels, and commodities trading. Professionals who can navigate overlapping sectors and understand both market mechanics and policy implications will be in high demand.
Policy-Savvy Talent is a Competitive Advantage
The commodities and renewable fuels industries are heavily influenced by policy shifts, such as the Inflation Reduction Act, changes in US-China trade dynamics, and regulations surrounding used cooking oil fraud. Organisations will benefit from individuals who can monitor, interpret, and anticipate policy changes and their impact on supply, demand, and pricing.
Sustainability Expertise is Critical for the Future of Commodities
With renewable diesel, sustainable aviation fuels, and carbon intensity scoring at the forefront, talent with a deep understanding of ESG policies and sustainable practices will be in high demand. Individuals who can align operational goals with sustainability targets, especially in biofuels and oilseed production, will be key to driving innovation and compliance.
Global Perspective and Strategic Partnerships
The growing complexity of trade relationships (e.g., US-China tensions, Brazil's land expansion, and import-export dynamics) emphasises the need for talent with a global outlook. Professionals who can manage international partnerships and adapt to diverse economic conditions will thrive in this interconnected environment.
Cross-Border and Geopolitical Awareness is Key for Talent
Commodities professionals must navigate complex international trade relationships, such as China's alignment with Brazil for soy imports and the role of Southeast Asia in palm oil production. Talent that can build strategic global partnerships, manage trade flows, and mitigate geopolitical risks will become indispensable to businesses.
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