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Iowa Soybean Association marked National Biodiesel Day by citing idle or reduced-capacity biodiesel plants in Iowa. It attributes this to federal policy uncertainty and sluggish trade, and it calls for a final biodiesel tax credit rule and a better-aligned RFS.
Idled biodiesel plants reduce soybean oil demand and weaken the soybean value chain, which is bearish for soy oil and soybean prices.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.