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Producers are running biodiesel plants hard under the expiring biodiesel tax credit, while uncertainty grows over 45Z rules and whether the credit will be extended. Some importers may decline to ship fuel to the US in 2025 because retroactive payouts are not guaranteed.
Possible import declines would tighten US biofuel supply and support feedstock demand, but a slowdown in early 2025 as producers wait for clarity could cut near-term soybean oil use.
resourcewise.comDec 12, 2024After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
