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Senators Shaheen, Hassan, and a bipartisan group urged the Biden administration to increase proposed biomass-based diesel volumes in the 2023 and 2024 Renewable Volume Obligations. They argue a multiyear rule would give producers the certainty needed to expand.
The letter says biodiesel helps moderate fuel prices.
Larger and more certain biodiesel mandates would raise demand for soybean oil feedstock, supporting its price.
shaheen.senate.govJul 26, 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.
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.
