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The EPA finalized a rule setting the 2021 biomass-based diesel statutory minimum at 2.43 billion gallons, unchanged from 2020. The agency said advanced biofuel requirements are driving biodiesel and renewable diesel use above the biomass-based diesel standard.
A firm 2.43 billion gallon floor for 2021 supports steady soybean oil demand from the biofuel sector. This underpins soybean oil prices and crush margins that feed meal supply.
ttnews.comEric MillerFeb 5, 2020After 842 past bullish policy events, SBO 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, SBM 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.
