# Biodiesel Industry Rallies on Capitol Hill | Red River Farm Network

> Minnesota soybean growers met with lawmakers in Washington to advocate for extending the biodiesel tax credit. Lawmakers reportedly agree with farmers in principle, but no legislative progress has been made. Farmers say biodiesel uses about one-third of U.S. soybean oil production.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/58474-biodiesel-industry-rallies-on-capitol-hill-red-river-farm-network
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Without a credit extension, biodiesel demand for soybean oil stays uncertain, though no immediate change in supply or demand has occurred.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-06-22 | [Soybean Industry Supports Biodiesel Industry on Capitol Hill - American Soybean Association](https://feedsoft.ai/events/70357-soybean-industry-supports-biodiesel-industry-on-capitol-hill-american-soybean.md) | +0.8% | +6.7% |
| SBO | 2017-11-16 | [Biodiesel Industry Board Asks for Higher RFS Volumes](https://feedsoft.ai/events/67846-biodiesel-industry-board-asks-for-higher-rfs-volumes.md) | -2.0% | -5.0% |
| SBO | 2019-09-03 | [Biofuels industry focuses on SREs in 2020 RFS RVO comments \| Biodiesel Magazine](https://feedsoft.ai/events/56939-biofuels-industry-focuses-on-sres-in-2020-rfs-rvo-comments-biodiesel-magazine.md) | -1.3% | +1.2% |
| SBO | 2019-12-19 | [US biodiesel and soybean industry call on President Trump to improve 2020 RFS \| Bioenergy International](https://feedsoft.ai/events/55450-us-biodiesel-and-soybean-industry-call-on-president-trump-to-improve-2020-rfs.md) | +2.8% | -0.2% |
| SBO | 2017-02-14 | [Bullish on biodiesel](https://feedsoft.ai/events/72361-bullish-on-biodiesel.md) | -4.4% | -6.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2019/06/14/biodiesel-industry-rallies-on-capitol-hill/

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