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Darling Ingredients said US soybean oil demand would benefit if the EPA finalizes its proposal to halve RIN credits generated from foreign feedstocks and biofuels. The EPA has proposed 7.12bn biomass-based diesel RINs for 2026, above most market expectations.
Five new crush plants started last year and two more are expected before year-end.
Limiting RIN credits for foreign feedstocks shifts biofuel demand toward domestic soybean oil, which supports soybean oil prices and crush expansion.
argusmedia.comJessica DellMar 25, 2024After 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 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.
