# Biodiesel faces doubtful future without blender credit, backers say - FreightWaves

> Biodiesel blenders warn of an uncertain future because the federal blender tax credit expired at the end of 2017 and was not included in the $1.4 trillion spending agreement. Backers are pushing for reinstatement before the temporary spending resolution expires on December 20.

- Date: 2019-12-15 · published 2019-12-15T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/55452-biodiesel-faces-doubtful-future-without-blender-credit-backers-say-freightwaves
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Without the blender credit, biodiesel margins weaken and blending demand for soybean oil and other fats may fall. Reinstatement would support soybean oil prices.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-06-21 | [EPA Biodiesel Blending Mandate Causes Soybean Oil Futures Price Drop](https://feedsoft.ai/events/15303-epa-biodiesel-blending-mandate-causes-soybean-oil-futures-price-drop.md) | -0.5% | +5.8% |
| SBO | 2024-11-14 | [Clean Fuels, soy growers urge Congress to extend biodiesel tax credit](https://feedsoft.ai/events/15172-clean-fuels-soy-growers-urge-congress-to-extend-biodiesel-tax-credit.md) | -3.9% | -7.1% |
| SBO | 2017-05-09 | [Congress urged to extend biodiesel blenders’ tax credit - Biofuels International Magazine](https://feedsoft.ai/events/70874-congress-urged-to-extend-biodiesel-blenders-tax-credit-biofuels-international.md) | +0.9% | -4.1% |
| 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 | 2018-05-22 | [EPA Refinery Waivers, Tax Credit Debate Beset Biodiesel Industry](https://feedsoft.ai/events/64923-epa-refinery-waivers-tax-credit-debate-beset-biodiesel-industry.md) | -0.7% | -8.2% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/biodiesel-faces-doubtful-future-without-blender-credit-backers-say

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