# US biodiesel stakeholders request meeting with Trump over RFS waivers | Bioenergy International

> The National Biodiesel Board and American Soybean Association sent a joint letter dated August 21 to the White House requesting a meeting with Trump on small refinery exemptions and the RFS. They said demand destruction is forcing biodiesel producers out of business.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/57453-us-biodiesel-stakeholders-request-meeting-with-trump-over-rfs-waivers-bioenergy
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Biodiesel plant closures reduce soybean oil demand and crush margins, which is bearish for soybean oil and soybean meal supply pressure.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-11-13 | [US biodiesel industry dependent on tax credit, RFS to compete with fossil-based diesel - Biofuels International Magazine](https://feedsoft.ai/events/55931-us-biodiesel-industry-dependent-on-tax-credit-rfs-to-compete-with-fossil-based.md) | -0.2% | +0.6% |
| 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 | 2018-03-08 | [White House Holds Meetings to Discuss RFS, Biodiesel - American Soybean Association](https://feedsoft.ai/events/65894-white-house-holds-meetings-to-discuss-rfs-biodiesel-american-soybean-association.md) | -0.5% | -0.5% |
| SBO | 2021-07-19 | [New Argentina biodiesel law to weigh on international soyoil prices -industry \| Financial Post](https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry.md) | -0.1% | -1.4% |
| 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% |
| SOY | 2018-03-08 | [White House Holds Meetings to Discuss RFS, Biodiesel - American Soybean Association](https://feedsoft.ai/events/65894-white-house-holds-meetings-to-discuss-rfs-biodiesel-american-soybean-association.md) | -2.5% | -2.3% |
| SOY | 2024-03-25 | [EPA RFS waivers may wither US soybean demand \| Latest Market News](https://feedsoft.ai/events/15230-epa-rfs-waivers-may-wither-us-soybean-demand-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2019-12-04 | [Trump’s $28 Billion Trade War Bailout Is Overpaying Farmers - Bloomberg](https://feedsoft.ai/events/55567-trump-s-28-billion-trade-war-bailout-is-overpaying-farmers-bloomberg.md) | +3.5% | +8.4% |

## Sources

- bioenergyinternational.com: https://bioenergyinternational.com/us-biodiesel-stakeholders-request-meeting-with-trump-over-rfs-waivers/

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