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Brownfield reports that Washington State passed a low-carbon fuel standard aligned with California, Oregon and British Columbia. The National Biodiesel Board expects West Coast biodiesel and renewable diesel demand to double to 2.5 billion gallons in five years.
New West Coast low-carbon fuel mandates expand demand for soybean oil as the preferred feedstock, supporting soybean oil prices.
brownfieldagnews.comTom SteeverApr 28, 2021After 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.
