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On December 18, 2019, 24 soybean and biodiesel trade associations sent a letter to President Trump asking him to direct the EPA to expand 2021 biomass-based diesel volumes and account for exempted gallons. They said small refinery exemptions had dealt a severe blow to the biodiesel industry.
The request is an appeal and has no immediate effect on volumes, but a reversal would support soybean oil demand. Until the EPA acts, the outlook for soybean oil stays uncertain.
bioenergyinternational.comBioenergy InternationalDec 19, 2019After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
