EIA reports U.S. biodiesel imports fell to 2,000 b/d in the first half of 2025 from 35,000 b/d a year earlier, and renewable diesel imports fell to 5,000 b/d from 33,000 b/d. The drop follows the loss of the blender's tax credit for imported fuel, which the 45Z credit now limits to domestic production, along with weaker domestic consumption.
Lower imports shift biofuel feedstock demand toward domestic production, which supports U.S. soybean oil use but reduces import-driven demand for feedstock oils from abroad.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.