Loading…
US federal biofuel credits (RINs) plunged on Thursday following soybean oil price moves and rumors of exemptions from biofuel blending targets. The report is from a paid commodity intelligence service.
Lower RIN values and exemption rumors signal weaker biodiesel margins and blending demand, which weighs on soybean oil and its link to crush and meal supply.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.