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The American Soybean Association reports that soybean industry representatives, including 11 ASA directors, attended the National Biodiesel Board conference in San Diego. Priorities discussed included extending the biodiesel tax credit and concerns over EPA RFS waivers.
Advocacy for biodiesel tax credits and RFS volumes signals potential future soybean oil demand, but no policy change has been enacted, so the price effect is limited.
soygrowers.comJan 24, 2019After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), 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.
