# Congress has unfinished business with biodiesel producers

> 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.

- Date: 2018-12-14 · published 2018-12-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/61462-congress-has-unfinished-business-with-biodiesel-producers
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Without the tax credit, biodiesel production economics are weaker, so renewal would support soybean oil demand while continued expiry leaves that demand uncertain.

## Read by commodity

- SBO: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-01-20 | [Argentine biodiesel producers stuck between a rock and a hard place at home too  : The Daily Digest](https://feedsoft.ai/events/55173-argentine-biodiesel-producers-stuck-between-a-rock-and-a-hard-place-at-home-too.md) | -5.5% | -8.6% |
| SBO | 2018-11-20 | [EPA plans biofuel 'reset' as program misses Congress' targets](https://feedsoft.ai/events/61906-epa-plans-biofuel-reset-as-program-misses-congress-targets.md) | -0.6% | +4.2% |
| SBO | 2020-05-18 | [Palm-based B30 biodiesel mandate to continue with Indonesian government backing](https://feedsoft.ai/events/52989-palm-based-b30-biodiesel-mandate-to-continue-with-indonesian-government-backing.md) | +0.2% | +4.4% |
| SBO | 2017-02-14 | [Bullish on biodiesel](https://feedsoft.ai/events/72361-bullish-on-biodiesel.md) | -4.4% | -6.8% |
| SBO | 2019-02-05 | [European oilseed producers losers in EU - Argentina biodiesel settlement \| Bioenergy International](https://feedsoft.ai/events/60680-european-oilseed-producers-losers-in-eu-argentina-biodiesel-settlement.md) | +0.4% | -1.3% |

## Sources

- thehill.com: https://thehill.com/opinion/energy-environment/421213-congress-has-unfinished-business-with-biodiesel-producers/

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