# Iowa Soybean joins Congressional delegation calling for biodiesel tax credit | Iowa Agribusiness Radio Network

> The Iowa Soybean Association joined Iowa's congressional delegation and biodiesel groups in urging Congress to pass a multi-year extension of the biodiesel and renewable diesel tax credit. More than forty House members signed a letter of support led by Rep. Dave Loebsack.

- Date: 2019-02-15 · published 2019-02-15T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/60469-iowa-soybean-joins-congressional-delegation-calling-for-biodiesel-tax-credit
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growing congressional support raises the chance of credit renewal, which would lift biodiesel output and soybean oil demand, a bullish factor for soy complex prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -1.2% | -2.3% |
| SBO | 2026-04-30 | [Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network.md) | +0.5% | -3.5% |
| SBO | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +1.7% | +4.7% |
| SBO | 2017-05-08 | [Pruitt pledges to keep RFS finalizing obligations on track \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70870-pruitt-pledges-to-keep-rfs-finalizing-obligations-on-track-iowa-agribusiness.md) | -0.2% | -4.3% |
| SOY | 2019-06-19 | [Legislation to extend biodiesel tax credit introduced \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58675-legislation-to-extend-biodiesel-tax-credit-introduced-iowa-agribusiness-radio.md) | -1.1% | -3.4% |
| SOY | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +7.3% | +10.5% |
| 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% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/iowa-soybean-joins-congressional-delegation-calling-for-biodiesel-tax-credit/

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