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The Iowa Soybean Association called on EPA to end small refinery exemptions, which it says undercut biodiesel demand. The statement also cites coronavirus and African swine fever as pressures on farm incomes.
Pressure to curb exemptions supports biodiesel demand for soybean oil, but this is an advocacy statement rather than a new policy change.
iasoybeans.comIowa Soybean AssociationMar 19, 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.
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.
