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The National Biodiesel Board released a report by ABF Economics concluding the biodiesel tax credit is essential to the profitability of the US biodiesel industry. The industry supports over 65,000 jobs and $17 billion in economic activity.
The report notes that lower soybean oil prices in 2018 pushed production costs below combined diesel and RIN values.
Biodiesel margins depend on the tax credit and RFS credits alongside feedstock costs, so uncertainty over the credit affects soybean oil demand. The report itself does not change policy, so its direct price effect is limited.
bioenergyinternational.comBioenergy International13 nov 2019Tras 196 eventos neutral de política pasados, Aceite de soja se movió una mediana de +0,1 % en 5 sesiones (52% al alza; mitad central entre -1,6 % y +2,0 %), y -0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
