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Industry commentary describes state clean fuel programs in California, Oregon and Washington that are boosting biodiesel and renewable diesel use. In Colorado and New Mexico, proposed incentives did not pass, though the bills signal future state demand.
Growing state carbon programs add demand for biomass-based diesel and its feedstocks, which supports soybean oil over time. Near-term price impact is modest.
issuu.comAug 1, 2023After 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.
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.
