# Biofuels bill advances through Iowa subcommittees

> Iowa Soybean Association president Jeff Jorgenson testified in support of Governor Kim Reynolds' Iowa Biofuel Standard legislation before a House subcommittee and a Senate subcommittee. The bill would expand biodiesel blends such as B20 and E15 and reform biofuel tax credits. Supporters say it would add 108 million bushels of soybean demand over five years.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/48509-biofuels-bill-advances-through-iowa-subcommittees
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A state biofuel mandate would add structural demand for soybean oil and corn for ethanol, which supports prices if it passes. Passage is not yet certain, so the effect is still prospective.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-11-02 | [Reform The RFS - Advanced Biofuels Association](https://feedsoft.ai/events/15435-reform-the-rfs-advanced-biofuels-association.md) | -4.4% | -8.0% |
| SBO | 2022-11-15 | [Trade Group Seeks 7-billion-gallon Advanced Biofuel Mandate](https://feedsoft.ai/events/15354-trade-group-seeks-7-billion-gallon-advanced-biofuel-mandate.md) | -5.0% | -13.5% |
| SBO | 2018-11-30 | [RFS levels fail to offer forward advance on biofuels demand](https://feedsoft.ai/events/61902-rfs-levels-fail-to-offer-forward-advance-on-biofuels-demand.md) | +3.0% | -0.5% |
| SBO | 2018-11-30 | [EPA Announces Biodiesel and Advanced Biofuels Volumes - American Soybean Association](https://feedsoft.ai/events/61900-epa-announces-biodiesel-and-advanced-biofuels-volumes-american-soybean.md) | +3.0% | -0.5% |
| SBO | 2017-03-10 | [Parliament committee says palm oil biofuels usage should end by 2020](https://feedsoft.ai/events/72017-parliament-committee-says-palm-oil-biofuels-usage-should-end-by-2020.md) | -1.9% | -4.6% |
| SOY | 2022-11-15 | [Trade Group Seeks 7-billion-gallon Advanced Biofuel Mandate](https://feedsoft.ai/events/15354-trade-group-seeks-7-billion-gallon-advanced-biofuel-mandate.md) | -0.3% | +2.6% |
| SOY | 2018-11-30 | [EPA Announces Biodiesel and Advanced Biofuels Volumes - American Soybean Association](https://feedsoft.ai/events/61900-epa-announces-biodiesel-and-advanced-biofuels-volumes-american-soybean.md) | +3.3% | -0.5% |
| SOY | 2025-06-13 | [US EPA proposes higher biofuel blending volumes through 2027 \| Reuters](https://feedsoft.ai/events/15111-us-epa-proposes-higher-biofuel-blending-volumes-through-2027-reuters.md) | +2.5% | -4.3% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/biofuels-bill-advances-through-iowa-subcommittees

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.