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The Federal Register published a final rule approving canola oil as a feedstock pathway for renewable diesel, jet fuel, naphtha, LPG and heating oil, effective January 3, 2023. The rule adds a qualifying feedstock option for biofuel producers.
A new approved pathway widens the feedstock pool for renewable diesel, supporting demand for canola oil and competing vegetable oils.
federalregister.govDec 2, 2022After 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.
Not enough comparable past events yet for a historical read.
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.
