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Renewable Diesel Boom: The Impact of Soybean Crush Plants on Local Soybean Basis

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Shujie Wu, Mindy Mallory, Teresa Serra

General Economics · Submitted 2 Apr 2025

abstract compiled · 2026-09-23 · no language-model review

The authors' main claim However, existing plants increase the basis by 23.36 to 9.20 cents per bushel, with the effect diminishing with distance.

how it is stated · asserted 1.00 read the record →

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arXiv ID2504.01756 (version 1)
Pith IDF437LYGZ, Pith's permanent record of this paper and its review
CitationMindy Mallory, Shujie Wu, Teresa Serra. "Renewable Diesel Boom: The Impact of Soybean Crush Plants on Local Soybean Basis." arXiv:2504.01756 (2025). https://pith.science/paper/F437LYGZ
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The compiled record

The paper's own sentences, arranged. Each label is drawn from a closed vocabulary; the number beside it is the probability the classifier gave that label. Numbers in the tables are the authors', checked by code. No sentence in this record was written by a model.

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Compiled by classifier-1.13.0 via TypeSafe API, question bank abstract-p1-20260923, 2026-09-23: 1 request, 4,859 input tokens.

What the abstract itself states, as probabilities: claims first 0.03 · states limitation 0.95 · human participants 0.04 · controlled comparison 0.81 · randomized assignment 0.01 · states quantitative result 0.98 · compares with prior results 0.22 · mentions code or data availability 0.03.

The abstract, sentence by sentence

arXiv listing abstract v1. Results and the main claim are underlined; .

We investigate the impact of the policy-driven expansion of the diesel and renewable diesel industry on local soybean prices. Because soybean oil is a key feedstock for biodiesel and renewable diesel, significant investments have been made in new soybean crush facilities and the expansion of existing ones. We quantify the effect of both new and existing soybean plants on soybean basis using panel data and a differences-in-difference approach. The data available on new plants does not allow us to identify any statistically significant impacts. However, existing plants increase the basis by 23.36 to 9.20 cents per bushel, with the effect diminishing with distance. These results suggest the relevance of biofuel policies in supporting rural economies and have relevant policy implications.

background contribution method result interpretation main claim

What the classifier reports for each sentence. The number is the probability it gave the label.
#sentencerolethe authors' own workstates the main conclusionstrength
s0 We investigate the impact of the policy-driven expansion of the diesel and renewable diesel industry on local soybean prices. contribution 0.95 0.82 0.03 unclear 0.81
s1 Because soybean oil is a key feedstock for biodiesel and renewable diesel, significant investments have been made in new soybean crush facilities and the expansion of existing ones. background 1.00 0.05 0.02 asserted 1.00
s2 We quantify the effect of both new and existing soybean plants on soybean basis using panel data and a differences-in-difference approach. method 0.95 0.95 0.04 asserted 0.98
s3 The data available on new plants does not allow us to identify any statistically significant impacts. result 0.84 0.92 0.08 asserted 0.99
s4 However, existing plants increase the basis by 23.36 to 9.20 cents per bushel, with the effect diminishing with distance. result 1.00 0.94 0.70 asserted 1.00
s5 These results suggest the relevance of biofuel policies in supporting rural economies and have relevant policy implications. interpretation 1.00 0.33 0.31 hedged possibility 1.00

What kind of paper the classifier reports this is: empirical study 1.00 · evidence from analysis of existing data 1.00.

What was examined, and what was not

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  • C citations
  • R cross-paper relations

Every quoted sentence on this record is the authors'. Every label is from Pith's closed vocabulary, with the probability shown beside it. Every number in the measurements table is the authors', checked by code. Record as JSON

The paper
Original abstract

We investigate the impact of the policy-driven expansion of the diesel and renewable diesel industry on local soybean prices. Because soybean oil is a key feedstock for biodiesel and renewable diesel, significant investments have been made in new soybean crush facilities and the expansion of existing ones. We quantify the effect of both new and existing soybean plants on soybean basis using panel data and a differences-in-difference approach. The data available on new plants does not allow us to identify any statistically significant impacts. However, existing plants increase the basis by 23.36 to 9.20 cents per bushel, with the effect diminishing with distance. These results suggest the relevance of biofuel policies in supporting rural economies and have relevant policy implications.

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