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Brazil's biodiesel blend is scheduled to rise from B12 to B13 in March 2021 and then increase 1% a year to B20 by 2028. Abiove members say the industry can already supply a B14 blend.
The scheduled blend increases lift domestic soybean oil demand in Brazil, supporting crush and oil prices. The increase is already legislated, so it is largely expected by the market.
biofuels-news.comBiofuels Int @biofuelsmagDec 23, 2020After 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.
