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The National Biodiesel Board opposes petitions from five governors to waive 2020 Renewable Fuel Standard volumes. The group argues refiners' obligations fall automatically with lower fuel demand and that a waiver would hurt biodiesel producers and soybean farmers.
A waiver would cut biodiesel demand for soybean oil and reduce soybean crush economics. The biodiesel industry's opposition suggests the waiver request faces resistance.
farmprogress.comApr 16, 2020After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
