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The EPA proposed allowing canola oil as a feedstock for renewable diesel and sustainable aviation fuel, with renewable diesel from canola showing 63% to 69% lower emissions than conventional diesel. The proposal is open to public comment before finalization and was highlighted by the White House.
A new eligible canola pathway could add demand for canola oil and offer an alternative to soybean oil as vegetable oil prices rise, supporting canola and soyoil values.
agri-pulse.comNoah WicksApr 20, 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.
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.
