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The National Biodiesel Board criticized the EPA's final 2019 RFS and 2020 biomass-based diesel volumes, which it said were set below the output the agency acknowledges is being produced. The board argued that small refinery exemptions and hardship waivers will continue to reduce biodiesel demand.
Weaker effective biodiesel demand from exemptions could limit soybean oil demand growth, which weighs on soybean oil prices and crush economics.
bioenergyinternational.comDec 3, 2018After 196 past neutral policy events, SBO 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.
