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Iowa Agribusiness Radio Network reports on biodiesel growth in 2018, including New York City mandates and increased city fleet use. It also describes Senator Chuck Grassley's comments on a Brady tax bill provision that would extend the biodiesel credit and then phase it out by 2025.
A phased-out credit would still support biodiesel demand for several years, which is mildly supportive for soybean oil prices.
iowaagribusinessradionetwork.comDustin HoffmannDec 19, 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.
