Loading…
The National Biodiesel Board filed formal comments asking EPA to raise advanced biofuel volumes for 2020 and biomass-based diesel volumes for 2021. It also urged proper accounting for small refinery exemptions and the 500 million gallons waived in 2016.
If EPA raises biodiesel mandates rather than flat-lining them, soybean oil demand from biodiesel producers would strengthen, supporting soybean oil prices.
bioenergyinternational.comBioenergy InternationalSep 3, 2019After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
