# US Government Continues To Undermine Biofuels – ENCORE BIORENEWABLES

> The US Commerce Department issued a preliminary decision that would nearly eliminate countervailing duties on Argentine biodiesel, cutting rates from an average of 72% to about 10% after finding Argentina's export tax changes removed subsidies. Antidumping duties of about 75% would be unchanged. The National Biodiesel Board criticized the proposal as harmful to US biodiesel producers and soybean farmers.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/54948-us-government-continues-to-undermine-biofuels-encore-biorenewables
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower duties on Argentine biodiesel would increase import competition for US producers, potentially reducing domestic soybean oil crush demand and weighing on soybean oil prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-05-17 | [U.S. Biofuel Markets Are in Turmoil Over Imports From China - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/30345-u-s-biofuel-markets-are-in-turmoil-over-imports-from-china-energy-news-top.md) | +1.6% | +2.7% |
| SBO | 2017-09-01 | [Argentina oilseed chamber says U.S. biodiesel tariffs to hit soy prices \| BIODIESEL ARGENTINA-NOTICIAS SOBRE BIODIÉSEL BIOCOMBUSTIBLES Y ENERGIAS RENOVABLES](https://feedsoft.ai/events/69032-argentina-oilseed-chamber-says-u-s-biodiesel-tariffs-to-hit-soy-prices.md) | -0.3% | -6.2% |
| SBO | 2025-03-14 | [US renewable diesel market faces shifting tides amid market uncertainty \| S&P Global](https://feedsoft.ai/events/15139-us-renewable-diesel-market-faces-shifting-tides-amid-market-uncertainty-s-and-p.md) | +2.4% | +10.0% |
| SBO | 2026-03-16 | [Soybean oil slides amid Trump threats to China, US biofuel credits at 1-mth low](https://feedsoft.ai/events/4710-soybean-oil-slides-amid-trump-threats-to-china-us-biofuel-credits-at-1-mth-low.md) | -5.7% | -6.4% |
| SBO | 2023-03-15 | [Canola supplies from Australia continue to put pressure on canola prices in the EU](https://feedsoft.ai/events/36957-canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the.md) | +1.9% | -3.8% |
| SOY | 2019-05-16 | [Trade-war crop rout imperils government's bid to revive economy \| Buenos Aires Times](https://feedsoft.ai/events/58925-trade-war-crop-rout-imperils-government-s-bid-to-revive-economy-buenos-aires.md) | -0.8% | +6.3% |
| SOY | 2019-10-02 | [U.S. farmers receive $14.03 billion so far in government trade aid](https://feedsoft.ai/events/56547-u-s-farmers-receive-14-03-billion-so-far-in-government-trade-aid.md) | +0.1% | -0.1% |
| SOY | 2023-10-06 | [US corn, soy exporters continue battling huge Brazilian supplies \| Reuters](https://feedsoft.ai/events/14806-us-corn-soy-exporters-continue-battling-huge-brazilian-supplies-reuters.md) | +0.7% | +1.8% |

## Sources

- encorebiorenewables.com: https://encorebiorenewables.com/us-government-continues-to-undermine-biofuels/

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