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Dec 31, 2020POLICYBrazil

Brazilian ministry discusses biodiesel mandate, efforts toward renewable diesel public policy

Brazil's Ministry of Mines and Energy reaffirmed support for a 15% biodiesel blend by March 2023 under the national biodiesel program. It also said renewable diesel will be analyzed in a new working group.

WHY IT MATTERS

A firm biodiesel mandate supports Brazilian domestic demand for soybean oil, which underpins crush margins and soyoil prices. The renewable diesel review adds longer-term demand.

AFFECTSSoybean Oil▲

SOURCE
biobased-diesel.comRon KotrbaDec 31, 2020

Price reaction & history

Soybean Oil▲bullishSO FAR1d +1.5%5d +2.5%20d +1.6%

After 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.

Feb 21, 2024Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb-1.9%
Aug 6, 2020REG: Biodiesel, renewable diesel demand remains strong | Biomass Magazine+0.9%
May 12, 2020Brazilian biodiesel industry wants blending mandate at 14% from June ANP auction : The Daily Digest+4.3%
Sep 1, 2025Brazil biodiesel logistics differentials widen as blend mandate rises | S&P Global-2.2%
Apr 1, 2026Policy Updates: EPA sets record high biofuel volumes in Renewable Fuel Standard final rule - Pro Farmer+0.5%

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.

Soybean Oil SBO · GP ▸

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