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In a telephone town hall, Iowa farmers pressed Senator Joni Ernst and Iowa Agriculture Secretary Mike Naig to support biodiesel. Farmers objected to President Biden's executive order moving the federal fleet to electric vehicles.
Naig argued that biodiesel and ethanol are low-carbon fuels available now.
Political debate over federal fleet fuel choices affects future federal biodiesel demand, but the effect on prices in the near term is limited.
iasoybeans.comIowa Soybean AssociationFeb 5, 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.
