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The National Biodiesel Board and its stakeholders urged Congress to prioritize a multiyear extension of the biodiesel and renewable diesel tax incentive. The letter says the credit has been expired for 15 months and that the uncertainty is curbing plant investment.
Lapsed tax incentives reduce biodiesel production incentives and raw material purchases, weakening demand for soybean oil. A multiyear extension would support future feedstock demand.
biofuels-news.comBiofuels Int @biofuelsmagMar 27, 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.
