# Policy Swings Shutter Iowa's Biodiesel Plants | Feed & Grain

> Congress renewed a $1 per gallon biodiesel tax credit after it lapsed for two years, but the credit is set to expire again in 2022. US biodiesel output has fallen year on year every month since June, with ten plants closing in 2019.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/50520-policy-swings-shutter-iowa-s-biodiesel-plants-feed-and-grain
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak biodiesel production reduces domestic soybean oil and animal fat demand, pressuring soybean oil prices, while the uncertain post-2022 policy outlook weighs on investment.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-02-04 | [Policy swings shutter Iowa's biodiesel plants - E&E News by POLITICO](https://feedsoft.ai/events/54688-policy-swings-shutter-iowa-s-biodiesel-plants-e-and-e-news-by-politico.md) | +1.1% | -4.8% |
| SBO | 2019-07-02 | [Nebraska biodiesel plant shutting down - Brownfield Ag News](https://feedsoft.ai/events/58192-nebraska-biodiesel-plant-shutting-down-brownfield-ag-news.md) | -0.4% | +1.2% |
| SBO | 2021-08-26 | [Indonesia's B40 biodiesel plan faces new delay](https://feedsoft.ai/events/45435-indonesia-s-b40-biodiesel-plan-faces-new-delay.md) | -2.6% | -5.4% |
| SBO | 2019-07-05 | [Agency's Proposal Leaves Little Room for Growth in Biodiesel](https://feedsoft.ai/events/57958-agency-s-proposal-leaves-little-room-for-growth-in-biodiesel.md) | +0.2% | -1.2% |
| SBO | 2023-06-21 | [Biden Biodiesel Quotas Scorned by Makers of Plant-Based Fuel](https://feedsoft.ai/events/15305-biden-biodiesel-quotas-scorned-by-makers-of-plant-based-fuel.md) | -0.5% | +5.8% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15393769/policy-swings-shutter-iowas-biodiesel-plants

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