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An industry opinion piece argues Congress must extend the biodiesel and renewable diesel tax incentive, which expired at the end of 2017 and has not been renewed for 2018. It notes that 60 companies and groups sent a letter to congressional leaders urging a multiyear extension before adjournment.
Without the tax credit, biodiesel production economics are weaker, so renewal would support soybean oil demand while continued expiry leaves that demand uncertain.
thehill.comDonnell Rehagen, opinion contributorDec 14, 2018After 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.
