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Iowa Rep. Cindy Axne introduced legislation to make the second-generation biofuel producer tax credit permanent, worth $1.01 per gallon and expired at the end of 2017.
Sen. Grassley and Sen.
Wyden had earlier introduced S. 617 to extend the credit.
The National Biodiesel Board is pressing House leaders for a multiyear extension.
Restoring the tax credit would support biodiesel and renewable diesel output and soybean oil demand, while continued uncertainty is curbing plant investment.
farmprogress.comApr 5, 2019After 842 past bullish policy events, SBO 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.
