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The National Biodiesel Board expressed skepticism about an EPA supplemental proposal that would estimate 2020 small refinery exemptions using only DOE-recommended gallons. The NBB says this undercounts past exemptions and falls short of the deal reached with President Trump.
Uncertainty over future RFS volumes clouds biodiesel demand outlook, which tends to weigh on soybean oil prices.
encorebiorenewables.comJoe GershenJan 27, 2020After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
