
The Iowa governor announced an additional $7 million for the Renewable Fuels Infrastructure Program and signed legislation extending the fuel tax incentive for biodiesel blends of at least 11 percent. The Iowa Soybean Association welcomed the measures as support for soybean demand.
Expanded state incentives for biodiesel blends modestly support domestic soyoil demand, a mildly bullish factor for soybeans.
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.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.