# Policy swings shutter Iowa's biodiesel plants - E&E News by POLITICO

> Ten biodiesel plants closed in 2019, which the industry blames on Trump administration handling of the renewable fuel standard and uncertainty over the $1-per-gallon biodiesel tax credit. Iowa plants have slowed amid the policy uncertainty.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/54688-policy-swings-shutter-iowa-s-biodiesel-plants-e-and-e-news-by-politico
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Biodiesel plant closures reduce demand for soybean oil, weakening the crush margin and increasing meal supply, which is bearish for soybean oil and bearish-to-neutral for meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-10-02 | [Policy Swings Shutter Iowa's Biodiesel Plants \| Feed & Grain](https://feedsoft.ai/events/50520-policy-swings-shutter-iowa-s-biodiesel-plants-feed-and-grain.md) | +1.8% | +1.3% |
| SBO | 2019-07-02 | [Nebraska biodiesel plant shutting down - Brownfield Ag News](https://feedsoft.ai/events/58192-nebraska-biodiesel-plant-shutting-down-brownfield-ag-news.md) | -0.4% | +1.2% |
| SBO | 2021-08-26 | [Indonesia's B40 biodiesel plan faces new delay](https://feedsoft.ai/events/45435-indonesia-s-b40-biodiesel-plan-faces-new-delay.md) | -2.6% | -5.4% |
| SBO | 2023-06-21 | [Biden Biodiesel Quotas Scorned by Makers of Plant-Based Fuel](https://feedsoft.ai/events/15305-biden-biodiesel-quotas-scorned-by-makers-of-plant-based-fuel.md) | -0.5% | +5.8% |
| SBO | 2017-09-29 | [NBB on proposed biodiesel cuts: different president, same EPA - Brownfield Ag News](https://feedsoft.ai/events/68826-nbb-on-proposed-biodiesel-cuts-different-president-same-epa-brownfield-ag-news.md) | +0.6% | +5.9% |
| SBM | 2024-12-23 | [COMMODITIES 2025: US policy shifts point toward lower DDGS prices in 2025 \| S&P Global](https://feedsoft.ai/events/26943-commodities-2025-us-policy-shifts-point-toward-lower-ddgs-prices-in-2025-s-and.md) | +2.2% | +4.8% |
| SBM | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -2.0% | -4.5% |
| SBM | 2018-05-14 | [3 ways biodiesel boosts soybean returns](https://feedsoft.ai/events/64925-3-ways-biodiesel-boosts-soybean-returns.md) | -1.7% | -8.2% |

## Sources

- eenews.net: https://www.eenews.net/articles/policy-swings-shutter-iowas-biodiesel-plants/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.