The Biodiesel Tax Credit: What Does the New Extension Mean? - OPIS, A Dow Jones Company

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.

• Oct 1, 2018Biodiesel proponents ask for extension of biodiesel tax credit+1.4%
• Jan 23, 2019Kovarik: It's time for a long-term extension of the biodiesel tax credit - Brownfield Ag News+3.6%
• Apr 26, 2017ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association+2.4%
• Feb 5, 20212020 Energy Prices Complicated by Ag Products, Renewable Credits and Other Relationships - OPIS, A Dow Jones Company+1.4%
• Jun 19, 2019Legislation to extend biodiesel tax credit introduced | Iowa Agribusiness Radio Network-1.2%

After 27 past neutral policy events, ULSD / Diesel moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% over 20.

• Feb 5, 2020U.S. biomass-based diesel tax credit renewed through 2022 in government spending bill - Mansfield Energy+2.6%
• Jan 13, 2023Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies+7.3%
• Nov 7, 2024Indonesia targets three-year timeline for 50% biodiesel mandate-2.4%
• Oct 20, 2026The new $8 billion farm aid package, explained | USAFacts-0.2%
• Feb 7, 2022FEATURE: Renewable diesel producers racing for the finish line as credits under pressure | S&P Global+3.1%