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The American Soybean Association said EPA's notice of data availability signals possible reductions to RFS volumes, including volumes finalized a year earlier. It cited about 1.9 billion gallons of US biodiesel production in 2016 and 1 billion gallons of imports.
The group said EPA's proposed 2.1 billion gallon 2019 level is below industry capacity.
Potential cuts below the proposed 2.1 billion gallon biomass-based diesel level would reduce soybean oil demand, which is bearish for that product. Industry capacity above the proposed level means the price effect depends on the final rule.
soygrowers.com5 oct 2017Tras 351 eventos bajista de política pasados, Aceite de soja se movió una mediana de -0,0 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,8 %), y -0,2 % 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.
