# Iowa biodiesel standard is good for farmers and environment

> The Iowa Soybean Association backed Governor Reynolds' bill to phase in higher biodiesel blends, starting with a 11% standard from April to September in 2022 and rising to B20 by April 2024. The bill also adds $5 million for the Renewable Fuels Infrastructure Program. The association estimates it would raise biodiesel demand by 203 million gallons and soybean demand by 108 million bushels over five years.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/48511-iowa-biodiesel-standard-is-good-for-farmers-and-environment
- 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 mandated biodiesel phase-in would lift demand for soybean oil and, through crush, soybeans and corn-based ethanol demand as well. The price effect depends on whether the bill passes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-02-05 | [Iowa Farmers Press Importance of Biodiesel](https://feedsoft.ai/events/48512-iowa-farmers-press-importance-of-biodiesel.md) | +1.4% | +10.6% |
| SBO | 2023-05-16 | [Biodiesel: An environmental winner – Minnesota Soybean](https://feedsoft.ai/events/15310-biodiesel-an-environmental-winner-minnesota-soybean.md) | +0.5% | +10.6% |
| SBO | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -0.5% |
| SBO | 2018-07-03 | [EPA increases volume standard for biodiesel - Morning Ag Clips](https://feedsoft.ai/events/63927-epa-increases-volume-standard-for-biodiesel-morning-ag-clips.md) | +0.4% | -0.1% |
| SBO | 2021-10-28 | [Biodiesel is booming, thanks to environmental incentives : NPR](https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr.md) | -1.6% | -3.8% |
| SOY | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -2.4% |
| SOY | 2021-10-28 | [Biodiesel is booming, thanks to environmental incentives : NPR](https://feedsoft.ai/events/44394-biodiesel-is-booming-thanks-to-environmental-incentives-npr.md) | -0.6% | +2.2% |
| SOY | 2019-01-10 | [Iowa produces record amount of biodiesel](https://feedsoft.ai/events/60967-iowa-produces-record-amount-of-biodiesel.md) | -1.9% | +0.2% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/press-release/biodiesel-standard-drives-soybean-demand-boosts-rural-economy-and-paves-way-for-cleaner-energy-future

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