
NOPA released its 2025 year-in-review highlighting advocacy wins on the Renewable Fuel Standard, the 45Z clean fuel credit, and limits on imported biofuel feedstocks. It also noted new member North Dakota Soybean Processors and Treasury guidance on Section 45Z.
Policy support for domestic feedstocks such as soybean oil strengthens expected crush demand and soybean oil utilization, which supports soybean meal and oil values.
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.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.