Brazil biodiesel logistics differentials widen as blend mandate rises

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.

• Aug 6, 2018Global palm oil prices set to rise on Indonesia's biodiesel mandate-1.3%
• Dec 23, 2020Brazil’s biodiesel blend rises to 13% in March - Biofuels International Magazine+5.2%
• Feb 21, 2024Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb-1.9%
• Nov 27, 2018New Brazil Biodiesel Mandate Will Consume More Soybeans Domestically+5.0%
• Dec 31, 2020Brazilian ministry discusses biodiesel mandate, efforts toward renewable diesel public policy+2.5%

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.

• Nov 27, 2018New Brazil Biodiesel Mandate Will Consume More Soybeans Domestically+5.0%
• Nov 12, 2019Brazil to boost biodiesel blend to 15% by 2023, helping soy demand+0.6%
• Dec 22, 2023Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts-0.3%
• Sep 2, 2026CBOT soybean oil rises 7.2% as EPA reallocation shifts biofuel outlook | S&P Global-0.9%
• Nov 9, 2018Brazil biodiesel group seeks 10-pct retention on soy export earnings - Ubrabio+2.4%