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The EPA issued a proposed rule providing comment on a lifecycle greenhouse gas analysis for diesel, jet fuel, heating oil, naphtha and LPG made from canola/rapeseed oil via hydrotreating. The agency proposes these pathways would meet the 50 percent GHG reduction threshold for advanced and biomass-based diesel under the RFS.
Qualifying canola oil as an advanced biofuel feedstock opens a new demand channel for vegetable oils, supporting canola oil and meal values and competing with soybean oil for feedstock.
federalregister.govApr 18, 2022Not enough comparable past events yet for a historical read.
After 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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
