# Tax credit urged for biodiesel

> Iowa biodiesel producers, farmers and distributors are urging Congress to renew the $1-per-gallon biodiesel tax credit, which expired in 2017. Biodiesel plants have cut production amid low fuel prices and tight margins.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/60468-tax-credit-urged-for-biodiesel
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewal of the expired credit would restore margins and allow plants to resume production, supporting soybean oil demand; continued expiry keeps crush-driven oil demand weak.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-10-01 | [Biodiesel proponents ask for extension of biodiesel tax credit](https://feedsoft.ai/events/62411-biodiesel-proponents-ask-for-extension-of-biodiesel-tax-credit.md) | +1.4% | -1.8% |
| SBO | 2019-04-05 | [Legislation introduced to make biodiesel tax credit permanent](https://feedsoft.ai/events/59467-legislation-introduced-to-make-biodiesel-tax-credit-permanent.md) | -0.8% | -7.3% |
| SBO | 2017-04-27 | [U.S. proposes biodiesel tax credit for producers \| World-grain.com \| April 27, 2017 14:43 \| World Grain](https://feedsoft.ai/events/71383-u-s-proposes-biodiesel-tax-credit-for-producers-world-grain-com-april-27-2017.md) | +1.3% | +1.2% |
| SBO | 2018-12-19 | [Biodiesel hoping for tax credit to continue growth - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/61465-biodiesel-hoping-for-tax-credit-to-continue-growth-iowa-agribusiness-radio.md) | -3.7% | +1.3% |
| SBO | 2017-05-11 | [Biodiesel Tax Credit Co-Sponsors Still Needed - American Soybean Association](https://feedsoft.ai/events/70867-biodiesel-tax-credit-co-sponsors-still-needed-american-soybean-association.md) | +3.4% | -0.7% |
| SOY | 2017-05-11 | [Biodiesel Tax Credit Co-Sponsors Still Needed - American Soybean Association](https://feedsoft.ai/events/70867-biodiesel-tax-credit-co-sponsors-still-needed-american-soybean-association.md) | +1.5% | -2.5% |
| SOY | 2019-01-23 | [Kovarik: It's time for a long-term extension of the biodiesel tax credit - Brownfield Ag News](https://feedsoft.ai/events/60971-kovarik-it-s-time-for-a-long-term-extension-of-the-biodiesel-tax-credit.md) | +1.1% | -0.7% |
| SOY | 2025-09-03 | [Higher RVOs Create Positive Outlook for Biodiesel](https://feedsoft.ai/events/15093-higher-rvos-create-positive-outlook-for-biodiesel.md) | -1.4% | -2.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/technology/tax-credit-urged-for-biodiesel

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