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Neste reported that the EPA's final 2020 renewable volume rule raises the biomass-based diesel requirement by 330 million gallons over the 2019 level. The company said its renewable diesel qualifies as an advanced biofuel under the rule.
A higher 2020 biomass-based diesel mandate increases the feedstock demand that supports soybean oil prices.
neste.comDec 3, 2018After 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.
