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The Iowa Soybean Association is urging the Iowa Legislature to pass House File 2279 or Senate File 2403 before the biodiesel and E15 fuel tax differentials expire on June 30. Iowa's B11-and-higher and E15-and-higher blends now make up a large share of sales.
Expiry of the tax differentials would raise pump prices for biofuel blends and reduce demand for soybean oil and corn, which would weigh on soybean and corn prices.
iasoybeans.comIowa Soybean AssociationMay 28, 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.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
