Loading…
The National Biodiesel Board released a report by ABF Economics concluding the biodiesel tax credit is essential to the profitability of the US biodiesel industry. The industry supports over 65,000 jobs and $17 billion in economic activity.
The report notes that lower soybean oil prices in 2018 pushed production costs below combined diesel and RIN values.
Biodiesel margins depend on the tax credit and RFS credits alongside feedstock costs, so uncertainty over the credit affects soybean oil demand. The report itself does not change policy, so its direct price effect is limited.
bioenergyinternational.comBioenergy InternationalNov 13, 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.
