The European Commission formally announced that biodiesel made from documented soybeans meeting the U.S. Soybean Sustainability Assurance Protocol can be used in EU biodiesel. The decision applies to soybeans exported for biodiesel and remains in place through at least July 1, 2021.
Opening the EU biodiesel market to certified U.S. soybeans creates a new demand outlet for soybeans and soybean oil. This supports U.S. soy export prices and could shift EU crush sourcing.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 842 past bullish policy events, Soybean Oil 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.