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The National Biodiesel Board said small refinery exemptions are reducing demand for biodiesel and renewable diesel. The group's statement was reported on June 25, 2019.
The organization is calling on EPA to address the impact of these exemptions.
Reduced biodiesel blending demand weakens a major outlet for soybean oil, which pressures soybean oil prices and the value of crushing soybeans.
biomassmagazine.comJun 25, 2019After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
