Brazil's soybean industry asked for the biodiesel blend to rise from 12% to 14% at the June ANP auction. Abiove says the higher mandate would help crushers keep production up despite lower fuel demand from the pandemic.
A higher Brazilian biodiesel mandate would absorb more soyoil and support soybean crush and soymeal supply, but the request is not yet policy.
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 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.