# Biodiesel Market in EU Opens for U.S. Soybeans - American Soybean Association

> 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.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: policy · region EU · magnitude medium
- Page: https://feedsoft.ai/events/61201-biodiesel-market-in-eu-opens-for-u-s-soybeans-american-soybean-association
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-09-01 | [ASA Asks EPA to Increase Biodiesel RFS Volumes - American Soybean Association](https://feedsoft.ai/events/68822-asa-asks-epa-to-increase-biodiesel-rfs-volumes-american-soybean-association.md) | +2.2% | +3.4% |
| SOY | 2017-04-26 | [ASA Applauds Introduction of Biodiesel Tax Credit Reform, Extension Act - American Soybean Association](https://feedsoft.ai/events/71380-asa-applauds-introduction-of-biodiesel-tax-credit-reform-extension-act-american.md) | +0.4% | -0.7% |
| SOY | 2018-11-30 | [EPA Announces Biodiesel and Advanced Biofuels Volumes - American Soybean Association](https://feedsoft.ai/events/61900-epa-announces-biodiesel-and-advanced-biofuels-volumes-american-soybean.md) | +3.3% | -0.5% |
| 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% |
| SOY | 2022-09-01 | [Economist's Angle: What’s in the Inflation Reduction Act for Soybeans? - American Soybean Association](https://feedsoft.ai/events/15371-economist-s-angle-what-s-in-the-inflation-reduction-act-for-soybeans-american.md) | -2.5% | -6.4% |
| SBO | 2018-02-22 | [Success in Antidumping Case for Biodiesel - American Soybean Association](https://feedsoft.ai/events/66593-success-in-antidumping-case-for-biodiesel-american-soybean-association.md) | -0.3% | +0.9% |
| SBO | 2018-10-11 | [ASA pushes for extension of biodiesel tax incentive - American Soybean Association](https://feedsoft.ai/events/62412-asa-pushes-for-extension-of-biodiesel-tax-incentive-american-soybean-association.md) | +3.2% | -1.6% |
| SBO | 2021-05-11 | [Biodiesel: Better, Cleaner, Now! - American Soybean Association](https://feedsoft.ai/events/46965-biodiesel-better-cleaner-now-american-soybean-association.md) | +3.4% | +3.7% |

## Sources

- soygrowers.com: https://soygrowers.com/news-releases/biodiesel-market-eu-opens-u-s-soybeans/

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