# Brazil approves biodiesel production with imported soybeans - BNamericas

> Brazil approved the use of imported raw materials for biodiesel production in ANP auctions, according to a federal gazette notice on Wednesday. The change applies to the 77th biodiesel auction on December 4, which will supply the first two months of 2021.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/50027-brazil-approves-biodiesel-production-with-imported-soybeans-bnamericas
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Imported soybean oil can ease Brazil's biodiesel feedstock shortage and reduce domestic soyoil prices, which lowers the cost of biodiesel. Greater imports also weaken the premium for Brazilian soyoil over Argentine supplies.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-11-23 | [Brazil allows imported soy in biodiesel production](https://feedsoft.ai/events/50029-brazil-allows-imported-soy-in-biodiesel-production.md) | -2.0% | +3.4% |
| SBO | 2020-11-18 | [Brazil allows imported raw materials in biodiesel production](https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production.md) | +1.5% | +4.1% |
| SBO | 2017-09-27 | [EPA announces smaller biodiesel production - soybean](https://feedsoft.ai/events/69029-epa-announces-smaller-biodiesel-production-soybean.md) | -2.2% | +3.3% |
| SBO | 2020-11-20 | [Government authorizes import of soy oil for biodiesel production - DatamarNews](https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews.md) | -0.3% | +3.2% |
| SBO | 2026-10-01 | [Rising biodiesel imports cap US soybean oil prices](https://feedsoft.ai/events/17543-rising-biodiesel-imports-cap-us-soybean-oil-prices.md) | +1.8% | +3.3% |
| SOY | 2020-11-23 | [Brazil allows imported soy in biodiesel production](https://feedsoft.ai/events/50029-brazil-allows-imported-soy-in-biodiesel-production.md) | -1.1% | +5.3% |
| SOY | 2020-11-18 | [Brazil allows imported raw materials in biodiesel production](https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production.md) | +1.8% | +1.2% |
| SOY | 2020-11-20 | [Government authorizes import of soy oil for biodiesel production - DatamarNews](https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews.md) | +1.2% | +3.6% |

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/brazil-approves-biodiesel-production-with-imported-soybeans

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