Experience behind the analysis.
An independent commodity research operation, built around a practical understanding of markets and the decisions they inform.
A connected view of
commodity markets.
Steven Stegenga brings approximately 15 years of commodity-market experience to Forest View Capital, with a focus on agriculture, renewable fuels, market modeling, trading support, and risk analysis.
His research spans grains and oilseeds, biofuels, RFS and RINs, renewable diesel, sustainable aviation fuel, and soybean oil. These markets are increasingly interconnected: a change in fuel policy can affect feedstock demand, processing economics, trade flows, and the agricultural balance sheet.
Forest View combines that sector experience with structured models and a broader view of energy and macro conditions. The aim is to make complex market relationships easier to examine—and to make the assumptions behind a research view clear.
As an independent research operation, Forest View is built around direct analytical work and a focused publishing process. The emphasis is on evidence, context, and useful questions for commercial market participants.
Agriculture
Grains, oilseeds, weather, trade flows, and the global balance sheet.
Renewable fuels
Biofuels, RFS/RINs, renewable diesel, SAF, and feedstock demand.
Energy
Energy balances, refining economics, and the links to agriculture.
Macro
Currencies, policy, economic conditions, and cross-market context.