# Biodiesel: An environmental winner – Minnesota Soybean

> The Minnesota Soybean Growers Association urges the EPA to raise renewable volume obligations for biomass-based diesel and advanced biofuels. The EPA is expected to send its final rule to the Office of Management and Budget in May, with the final release set for June 14. The group argues that biodiesel cuts emissions and displaces petroleum diesel.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15310-biodiesel-an-environmental-winner-minnesota-soybean
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The lobbying supports soybean oil demand if the EPA raises mandates, but without a new decision the price effect is modest. Soybean crush demand tied to biodiesel is the channel to watch.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-10-28 | [Biodiesel is booming, thanks to environmental incentives : NPR](https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr.md) | -1.6% | -3.8% |
| SBO | 2021-02-25 | [Iowa biodiesel standard is good for farmers and environment](https://feedsoft.ai/events/48511-iowa-biodiesel-standard-is-good-for-farmers-and-environment.md) | -0.3% | +17.4% |
| SBO | 2018-05-14 | [3 ways biodiesel boosts soybean returns](https://feedsoft.ai/events/64925-3-ways-biodiesel-boosts-soybean-returns.md) | -0.6% | -1.9% |
| SBO | 2021-05-11 | [Biodiesel: Better, Cleaner, Now! - American Soybean Association](https://feedsoft.ai/events/46965-biodiesel-better-cleaner-now-american-soybean-association.md) | +3.4% | +3.7% |
| SBO | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -0.5% |

## Sources

- mnsoybean.org: https://mnsoybean.org/biodiesel-an-environmental-winner/

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