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The National Biodiesel Board submitted RFS comments on September 3 urging higher advanced biofuel and biomass-based diesel volumes. A DC Circuit court also upheld EPA's method for setting 2017 biomass-based diesel volumes while rejecting refiners' challenges.
The court ruling preserves the existing biodiesel volume framework, which supports soybean oil demand from biodiesel producers.
energy.agwired.comSep 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.
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.
