Clean Fuels Alliance America said soybean oil consumption has reached 1.7 billion pounds per month, which it credited to the EPA's 'set two' proposal lifting biodiesel capacity from 50% to 90%. The discussion also covered the latest WASDE, which cut corn numbers and raised soybeans, with an initial bullish market reaction.
Higher biodiesel demand absorbs more soybean oil, supporting soybean oil prices and crush margins, which in turn supports soybean and soybean meal values for feed buyers.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.