# Biden Biodiesel Quotas Scorned by Makers of Plant-Based Fuel

> The Biden administration set federal biomass-based diesel quotas of 2.82 billion gallons for 2023, up 2.2% from 2022. Soybean oil dropped 7% in Chicago to its daily limit after the rule was released.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15305-biden-biodiesel-quotas-scorned-by-makers-of-plant-based-fuel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Quotas below producer expectations weaken the demand outlook for soybean oil used as biofuel feedstock. The sharp selloff shows the price pressure is bearish.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | -2.5% | -7.0% |
| SBO | 2025-09-10 | [US biofuel plan would reallocate half or less of waived blending quotas, sources say \| Reuters](https://feedsoft.ai/events/15089-us-biofuel-plan-would-reallocate-half-or-less-of-waived-blending-quotas-sources.md) | +2.8% | +0.5% |
| SBO | 2020-10-02 | [Policy Swings Shutter Iowa's Biodiesel Plants \| Feed & Grain](https://feedsoft.ai/events/50520-policy-swings-shutter-iowa-s-biodiesel-plants-feed-and-grain.md) | +1.8% | +1.3% |
| SBO | 2020-02-04 | [Policy swings shutter Iowa's biodiesel plants - E&E News by POLITICO](https://feedsoft.ai/events/54688-policy-swings-shutter-iowa-s-biodiesel-plants-e-and-e-news-by-politico.md) | +1.1% | -4.8% |
| SBO | 2021-08-26 | [Indonesia's B40 biodiesel plan faces new delay](https://feedsoft.ai/events/45435-indonesia-s-b40-biodiesel-plan-faces-new-delay.md) | -2.6% | -5.4% |

## Sources

- energyconnects.com: https://www.energyconnects.com/news/renewables/2023/june/biden-biodiesel-quotas-scorned-by-makers-of-plant-based-fuel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.