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Platts reported that D4 RINs rallied to a three-year high of just over $1 each in late trading last week, tracking stronger CBOT soybean oil futures. The EPA has not yet announced the 2021 biomass-based diesel blending mandate.
Soybean oil is a key feedstock for biodiesel and renewable diesel, so firmer RIN values and soyoil futures support soybean oil demand. The unresolved 2021 mandate keeps the outlook uncertain.
biofuelsdigest.comMeghan SappDec 8, 2020Not enough comparable past events yet for a historical read.
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.
